Cibc World Mkts cut shares of Emera (TSE:EMA - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.
Several other research analysts also recently commented on EMA. Raymond James Financial raised their price target on shares of Emera from C$66.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. TD Securities upped their target price on Emera from C$69.00 to C$74.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Royal Bank Of Canada lifted their price target on Emera from C$69.00 to C$70.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Desjardins set a C$62.00 price target on Emera and gave the stock a "hold" rating in a research report on Tuesday, May 6th. Finally, Scotiabank raised their price objective on Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$64.33.
View Our Latest Analysis on Emera
Emera Price Performance
TSE:EMA traded up C$0.51 during trading hours on Monday, hitting C$66.17. 857,542 shares of the stock traded hands, compared to its average volume of 1,277,081. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. Emera has a 1 year low of C$49.06 and a 1 year high of C$67.42. The company has a market cap of C$19.40 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The stock has a 50 day moving average price of C$62.94 and a 200 day moving average price of C$60.57.
Emera Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, August 1st. This represents a $2.90 annualized dividend and a yield of 4.4%. Emera's dividend payout ratio is 112.40%.
About Emera
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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.
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