Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$59.82

Emera Incorporated (TSE:EMA - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$59.82.

EMA has been the topic of several recent research reports. BMO Capital Markets raised their price objective on Emera from C$60.00 to C$65.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Raymond James reduced their target price on Emera from C$64.00 to C$59.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Scotiabank boosted their price objective on Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. UBS Group upped their price objective on Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. Finally, CIBC upped their price objective on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th.

Emera Price Performance

Shares of EMA stock traded down C$0.66 during trading hours on Tuesday, hitting C$60.51. The company had a trading volume of 1,270,339 shares, compared to its average volume of 1,445,196. The firm has a market capitalization of C$17.74 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 12 month low of C$44.13 and a 12 month high of C$63.31. The firm's fifty day moving average is C$60.79 and its 200 day moving average is C$57.37. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Thursday, May 1st. Emera's dividend payout ratio (DPR) is presently 112.40%.

About Emera

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.