Emera Incorporated (TSE:EMA - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$59.01 and traded as high as C$62.83. Emera shares last traded at C$62.68, with a volume of 454,211 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on EMA shares. TD Securities raised Emera to a "strong-buy" rating and set a C$69.00 target price for the company in a research note on Friday, June 27th. UBS Group upped their target price on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. CIBC upped their target price on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Raymond James Financial reduced their price target on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Emera has a consensus rating of "Moderate Buy" and a consensus price target of C$60.58.
Read Our Latest Stock Report on EMA
Emera Price Performance
The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The company has a market cap of C$18.38 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a fifty day moving average price of C$61.56 and a two-hundred day moving average price of C$59.05.
Emera Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid 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 4.63%. Emera's dividend payout ratio (DPR) is presently 112.40%.
Emera Company Profile
(
Get Free Report)
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.
Read More
Before you consider Emera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emera wasn't on the list.
While Emera currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
