Emera Incorporated (TSE:EMA) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Emera has a “Moderate Buy” consensus rating from nine analysts, with six buys and three holds. The average 12-month price target is C$76.67, compared with the stock’s opening price of C$69.03.
• Recent analyst actions were generally positive, including target increases from BMO Capital Markets, National Bank Financial, Raymond James, and Scotiabank, although Barclays lowered its target to C$71.
• Emera reported quarterly revenue of C$2.01 billion and earnings of C$0.69 per share, while paying a quarterly dividend of C$0.7325. The annualized dividend of C$2.93 represents a 4.2% yield, with a payout ratio of 92.78%.

Shares of Emera Incorporated (TSE:EMA - Get Free Report) have earned an average rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$76.67.

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Emera from C$76.00 to C$80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. National Bank Financial lifted their price target on shares of Emera from C$69.00 to C$75.00 and gave the company a "sector perform" rating in a report on Monday, June 1st. Barclays reduced their price target on shares of Emera from C$74.00 to C$71.00 in a research report on Monday, August 10th. Raymond James Financial raised their price objective on shares of Emera from C$75.25 to C$77.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Finally, Scotiabank lifted their target price on shares of Emera from C$78.00 to C$80.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 21st.

Emera Price Performance

Shares of EMA opened at C$69.03 on Monday. The stock has a market cap of C$21.12 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 6.20 and a beta of 0.47. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 153.87. Emera has a 12 month low of C$63.33 and a 12 month high of C$77.99. The company has a 50-day moving average price of C$72.09 and a two-hundred day moving average price of C$72.43.

Emera (TSE:EMA - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%.The company had revenue of C$2.01 billion for the quarter. Equities analysts predict that Emera will post 3.1991627 EPS for the current fiscal year.

Emera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a $0.7325 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.93 annualized dividend and a yield of 4.2%. Emera's payout ratio is presently 92.78%.

Emera Company Profile

Emera TSX/NYSE: EMA is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

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