Emera Incorporated (TSE:EMA) Receives C$60.58 Consensus Target Price from Analysts

Emera Incorporated (TSE:EMA - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$60.58.

Several equities research analysts recently issued reports on EMA shares. Desjardins set a C$62.00 price objective on Emera and gave the company a "hold" rating in a research note on Tuesday, May 6th. TD Securities raised shares of Emera to a "strong-buy" rating and set a C$69.00 target price on the stock in a research note on Friday. UBS Group lifted their target price on shares of Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. BMO Capital Markets boosted their price target on shares of Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, CIBC raised their price objective on shares of Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th.

Emera Price Performance

Shares of EMA traded up C$0.79 during midday trading on Friday, hitting C$62.38. 1,039,325 shares of the company traded hands, compared to its average volume of 1,369,110. Emera has a one year low of C$44.13 and a one year high of C$63.31. The firm has a market cap of C$18.29 billion, a P/E ratio of 24.18, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The stock has a 50-day moving average of C$61.30 and a 200-day moving average of C$58.29.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend 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.