Emera (TSE:EMA) Price Target Increased to C$37.00 by Analysts at BMO Capital Markets

Emera (TSE:EMAFree Report) had its price target increased by BMO Capital Markets from C$36.00 to C$37.00 in a report released on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lowered their price objective on Emera from C$62.00 to C$60.00 and set an outperform rating for the company in a research note on Tuesday, February 27th. Scotiabank dropped their price target on shares of Emera from C$56.00 to C$52.00 and set an outperform rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company increased their price objective on shares of Emera from C$49.00 to C$53.00 and gave the company an equal weight rating in a research note on Tuesday, May 14th. National Bankshares boosted their target price on shares of Emera from C$49.00 to C$50.00 and gave the stock a sector perform rating in a research report on Thursday. Finally, TD Securities reduced their price target on shares of Emera from C$57.00 to C$54.00 and set a buy rating on the stock in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of C$51.80.

View Our Latest Report on Emera

Emera Stock Performance

Shares of TSE:EMA opened at C$46.80 on Thursday. The business’s 50-day simple moving average is C$47.63 and its 200 day simple moving average is C$48.35. The company has a market cap of C$13.41 billion, a P/E ratio of 20.99, a PEG ratio of 2.77 and a beta of 0.28. The company has a debt-to-equity ratio of 160.58, a quick ratio of 0.23 and a current ratio of 0.73. Emera has a one year low of C$43.67 and a one year high of C$56.80.

Emera (TSE:EMAGet Free Report) last announced its earnings results on Monday, February 26th. The company reported C$0.63 earnings per share for the quarter, missing the consensus estimate of C$0.71 by C($0.08). Emera had a net margin of 9.69% and a return on equity of 5.71%. The firm had revenue of C$1.97 billion during the quarter, compared to analysts’ expectations of C$1.97 billion. On average, sell-side analysts forecast that Emera will post 3.0053635 earnings per share for the current fiscal year.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a $0.717 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a yield of 6.13%. Emera’s payout ratio is currently 128.70%.

Emera Company Profile

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Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

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Analyst Recommendations for Emera (TSE:EMA)

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