Emera Incorporated (TSE:EMA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$61.10 and traded as high as C$66.34. Emera shares last traded at C$65.95, with a volume of 433,251 shares.
Wall Street Analyst Weigh In
A number of research firms have issued reports on EMA. Royal Bank Of Canada boosted their target price on Emera from C$69.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Scotiabank boosted their target price on Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Cibc World Mkts cut Emera from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. National Bankshares boosted their target price on Emera from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research note on Monday, August 11th. Finally, BMO Capital Markets boosted their target price on Emera from C$65.00 to C$68.00 in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$64.33.
Read Our Latest Report on Emera
Emera Stock Up 0.7%
The firm has a market cap of C$19.58 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 6.20 and a beta of 0.55. 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 firm has a fifty day moving average of C$63.93 and a 200-day moving average of C$61.33.
Emera Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, August 1st. Emera's dividend payout ratio is presently 98.05%.
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.
Featured Stories
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 guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.