Raymond James Financial Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its target price raised by Raymond James Financial from C$66.00 to C$70.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of Emera from C$69.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday. CIBC upped their price target on shares of Emera from C$63.00 to C$64.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. TD Securities upped their price target on shares of Emera from C$69.00 to C$74.00 and gave the company a “buy” rating in a report on Monday. Scotiabank upped their price target on shares of Emera from C$67.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday. Finally, Desjardins set a C$62.00 price target on shares of Emera and gave the company a “hold” rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Emera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.33.

Emera Price Performance

TSE:EMA opened at C$65.86 on Monday. Emera has a one year low of C$48.68 and a one year high of C$67.42. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm has a market cap of C$19.31 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 6.20 and a beta of 0.35. The firm’s fifty day moving average is C$62.61 and its two-hundred day moving average is C$60.36.

Emera Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a $0.725 dividend. The ex-dividend date is Friday, August 1st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.4%. Emera’s dividend payout ratio is 112.40%.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.