Emera Incorporated (TSE:EMA) Receives C$57.10 Average Price Target from Analysts

Shares of Emera Incorporated (TSE:EMA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$57.10.

A number of equities analysts recently commented on EMA shares. Bank of America upgraded Emera from a "neutral" rating to a "buy" rating and lifted their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Scotiabank boosted their price target on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. Royal Bank of Canada raised their price objective on Emera from C$57.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their target price on shares of Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Finally, Cibc World Mkts upgraded shares of Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd.

Emera Stock Up 0.2 %

TSE EMA traded up C$0.11 during mid-day trading on Friday, reaching C$53.64. 1,098,684 shares of the company's stock traded hands, compared to its average volume of 1,304,556. The company has a fifty day simple moving average of C$52.96 and a 200-day simple moving average of C$50.69. Emera has a 1-year low of C$44.13 and a 1-year high of C$56.20. The company has a market cap of C$15.47 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Friday, November 1st. Emera's payout ratio is currently 112.84%.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.