National Bankshares Boosts Emera (TSE:EMA) Price Target to C$49.00

Emera (TSE:EMA) had its target price boosted by National Bankshares from C$48.00 to C$49.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

EMA has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Emera from C$49.00 to C$53.00 and gave the company an equal weight rating in a report on Tuesday, May 14th. TD Securities dropped their target price on Emera from C$57.00 to C$54.00 and set a buy rating on the stock in a report on Tuesday, May 14th. BMO Capital Markets increased their price target on Emera from C$36.00 to C$37.00 and gave the company an outperform rating in a research note on Thursday, May 30th. Finally, CIBC lowered their price target on Emera from C$51.00 to C$50.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emera has a consensus rating of Hold and a consensus price target of C$50.56.

Emera Stock Performance

Shares of TSE EMA opened at C$49.64 on Tuesday. Emera has a 12-month low of C$43.67 and a 12-month high of C$52.39. The company has a market cap of C$14.23 billion, a PE ratio of 22.26, a P/E/G ratio of 2.77 and a beta of 0.28. The stock has a 50 day simple moving average of C$46.99 and a 200-day simple moving average of C$47.52. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 160.58.

Emera (TSE:EMA) last announced its earnings results on Monday, May 13th. The company reported C$0.76 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.03). Emera had a net margin of 9.69% and a return on equity of 5.71%. The business had revenue of C$2.02 billion for the quarter, compared to the consensus estimate of C$2.04 billion. On average, equities research analysts forecast that Emera will post 3.0053635 EPS for the current year.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.717 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend is Thursday, August 1st. Emera’s dividend payout ratio (DPR) is presently 128.70%.

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.