BMO Capital Markets Forecasts Strong Price Appreciation for Emera (TSE:EMA) Stock

Key Points

• BMO Capital Markets has increased Emera's price target from C$65.00 to C$68.00, suggesting a potential upside of 3.41% from its current stock price.
• Contrarily, Raymond James Financial lowered their target on Emera to C$59.00, while TD Securities set a higher target of C$69.00 and rated it as a "strong-buy."
• Currently, Emera has a consensus rating of "Moderate Buy" among analysts, with a consensus target price of C$64.33.

Emera (TSE:EMA - Free Report) had its price target hoisted by BMO Capital Markets from C$65.00 to C$68.00 in a research report report published on Monday,BayStreet.CA reports.

Several other equities analysts have also weighed in on the stock. Desjardins set a C$62.00 target price on shares of Emera and gave the company a "hold" rating in a report on Tuesday, May 6th. TD Securities upgraded shares of Emera to a "strong-buy" rating and set a C$69.00 target price on the stock in a report on Friday, June 27th. CIBC boosted their target price 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. Finally, Raymond James Financial decreased their price objective on shares of Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Emera currently has an average rating of "Moderate Buy" and an average price target of C$64.33.

Emera Trading Up 0.8%

TSE:EMA traded up C$0.52 on Monday, hitting C$65.30. The stock had a trading volume of 100,882 shares, compared to its average volume of 1,272,355. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The stock has a market cap of C$19.15 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 6.20 and a beta of 0.35. The company has a fifty day moving average price of C$62.73 and a two-hundred day moving average price of C$60.42. Emera has a 1-year low of C$49.06 and a 1-year high of C$67.42.

Emera Announces Dividend

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

About Emera

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.