Emera Incorporated (TSE:EMA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Emera Incorporated (TSE:EMA) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$64.33.

A number of equities analysts have issued reports on EMA shares. BMO Capital Markets increased their price target on Emera from C$65.00 to C$68.00 in a research note on Monday, August 11th. Raymond James Financial increased their price objective on Emera from C$66.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. TD Securities increased their price objective on Emera from C$69.00 to C$74.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Cibc World Mkts downgraded Emera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, CIBC downgraded Emera from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$65.00 to C$68.00 in a research report on Monday, August 11th.

Emera Stock Performance

Shares of EMA stock opened at C$66.17 on Friday. Emera has a 12-month low of C$49.06 and a 12-month high of C$67.42. The firm has a market capitalization of C$19.40 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The business has a 50 day simple moving average of C$62.94 and a 200 day simple moving average of C$60.61. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were given a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, August 1st. Emera’s dividend payout ratio (DPR) is currently 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.