Emera (TSE:EMA) Price Target Raised to C$68.00

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 objective 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 analysts have also recently weighed in on EMA. Raymond James Financial lowered their price target on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. CIBC lifted their target price 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. Desjardins set a C$62.00 price target on shares of Emera and gave the stock a "hold" rating in a research note on Tuesday, May 6th. Finally, TD Securities upgraded shares of Emera to a "strong-buy" rating and set a C$69.00 price objective on the stock in a research report on Friday, June 27th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$64.33.

Emera Price Performance

Shares of Emera stock traded up C$0.51 during trading on Monday, hitting C$66.17. The stock had a trading volume of 857,542 shares, compared to its average volume of 1,277,081. The firm has a market cap of C$19.40 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a 12 month low of C$49.06 and a 12 month high of C$67.42. The business's 50-day moving average is C$62.94 and its 200 day moving average is C$60.57. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a $0.725 dividend. The ex-dividend date is Friday, August 1st. This represents a $2.90 annualized dividend and a yield of 4.4%. Emera's payout ratio is presently 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.