Cibc World Mkts upgraded shares of Emera (TSE:EMA - Free Report) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.
Other analysts have also issued research reports about the company. Scotiabank increased their price objective on Emera from C$52.00 to C$55.00 and gave the company an "outperform" rating in a research note on Tuesday, August 20th. CIBC raised Emera from a "neutral" rating to an "outperform" rating and raised their price target for the stock from C$54.00 to C$58.00 in a research note on Monday. Royal Bank of Canada raised 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. National Bankshares raised their price target on Emera from C$49.00 to C$54.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Finally, Raymond James raised their price target on Emera from C$54.00 to C$57.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emera currently has a consensus rating of "Moderate Buy" and a consensus target price of C$53.10.
View Our Latest Stock Analysis on EMA
Emera Price Performance
Shares of EMA traded up C$0.86 during trading hours on Monday, reaching C$55.13. 1,128,049 shares of the company traded hands, compared to its average volume of 1,279,042. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The stock has a market capitalization of C$15.90 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$55.29. The stock has a fifty day simple moving average of C$52.14 and a 200 day simple moving average of C$49.77.
Emera Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.26%. Emera's payout ratio is currently 112.84%.
About Emera
(
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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.
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