Brokerages Set Emera Incorporated (TSE:EMA) PT at C$56.10

Emera Incorporated (TSE:EMA) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$57.10.

Several analysts recently commented on the stock. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Scotiabank lifted their price target on shares of Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th. BMO Capital Markets boosted their price target on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Finally, Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th.

Emera Price Performance

Shares of EMA stock opened at C$54.62 on Tuesday. The business’s fifty day simple moving average is C$52.47. The firm has a market capitalization of C$15.75 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. Emera has a 1-year low of C$44.13 and a 1-year high of C$56.20.

Emera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.725 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a yield of 5.31%. Emera’s dividend payout ratio (DPR) is 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.