Raymond James Increases Emera (TSE:EMA) Price Target to C$57.00

Emera (TSE:EMA) had its price target boosted by Raymond James from C$54.00 to C$57.00 in a research report released on Monday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets upped their price objective on Emera from C$36.00 to C$37.00 and gave the company an outperform rating in a research report on Thursday, May 30th. Scotiabank lowered their target price on shares of Emera from C$56.00 to C$52.00 and set an outperform rating on the stock in a research note on Monday, April 22nd. TD Securities decreased their price objective on shares of Emera from C$57.00 to C$54.00 and set a buy rating for the company in a report on Tuesday, May 14th. JPMorgan Chase & Co. lifted their target price on shares of Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lowered their price target on Emera from C$60.00 to C$57.00 and set an outperform rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Emera presently has a consensus rating of Hold and a consensus price target of C$50.56.

Emera Trading Up 0.3 %

TSE EMA opened at C$49.79 on Monday. The stock’s fifty day moving average price is C$47.18 and its 200-day moving average price is C$47.54. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 160.58. The stock has a market cap of C$14.27 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.77 and a beta of 0.28. Emera has a 12 month low of C$43.67 and a 12 month high of C$52.31.

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

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were issued a $0.717 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.87 dividend on an annualized basis and a yield of 5.76%. Emera’s dividend payout ratio is currently 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.