Emera Incorporated (TSE:EMA - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$50.44 and traded as high as C$54.15. Emera shares last traded at C$53.95, with a volume of 922,807 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Cibc World Mkts upgraded shares of Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. CIBC raised shares of Emera from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Scotiabank increased their target price on Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Royal Bank of Canada lifted their price target 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. Finally, Bank of America upgraded Emera from a "neutral" rating to a "buy" rating and increased their price objective for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$57.10.
Check Out Our Latest Report on Emera
Emera Trading Up 0.3 %
The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a 50-day moving average of C$52.92 and a 200-day moving average of C$50.44. The firm has a market capitalization of C$15.56 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.
Emera Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, November 1st. Emera's payout ratio is 112.84%.
Emera Company Profile
(
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.
Recommended 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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
