Emera Incorporated (TSE:EMA - Get Free Report) shares reached a new 52-week high on Thursday after Scotiabank raised their price target on the stock from C$60.00 to C$62.00. Scotiabank currently has an outperform rating on the stock. Emera traded as high as C$56.35 and last traded at C$56.22, with a volume of 113745 shares. The stock had previously closed at C$55.72.
Other analysts have also issued research reports about the stock. Cibc World Mkts raised shares of Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. National Bankshares lifted their target price on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Bank of America upgraded Emera from a "neutral" rating to a "buy" rating and increased their price target for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. BMO Capital Markets raised their target price on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emera currently has a consensus rating of "Moderate Buy" and a consensus price target of C$57.30.
View Our Latest Research Report on EMA
Emera Trading Up 1.1 %
The stock's 50 day moving average is C$54.27. 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 stock has a market capitalization of C$16.58 billion, a PE ratio of 21.91, a PEG ratio of 6.20 and a beta of 0.35.
Emera Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date was Friday, January 31st. Emera's payout ratio is currently 112.40%.
About Emera
(
Get Free Report)
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.
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
