Emera (TSE:EMA) Given a C$55.00 Price Target by Bank of America Analysts

Bank of America set a C$55.00 price objective on Emera (TSE:EMA) in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on EMA. Scotiabank lifted their target price on shares of Emera from C$52.00 to C$55.00 and gave the stock an outperform rating in a research report on Tuesday, August 20th. CIBC dropped their target price on shares of 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. Raymond James boosted their price objective on shares of Emera from C$54.00 to C$57.00 and gave the company an outperform rating in a research report on Monday, August 12th. Royal Bank of Canada lowered their price objective on shares of Emera from C$60.00 to C$57.00 and set an outperform rating on the stock in a research report on Monday, August 12th. Finally, BMO Capital Markets boosted their price objective on shares of Emera from C$36.00 to C$37.00 and gave the company an outperform rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$51.80.

Emera Price Performance

The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a 50 day simple moving average of C$50.04 and a 200 day simple moving average of C$48.19. Emera has a fifty-two week low of C$43.67 and a fifty-two week high of C$53.68. The company has a market cap of C$15.18 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.77 and a beta of 0.34.

Emera (TSE:EMA) last released its earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The firm had revenue of C$1.62 billion during the quarter, compared to analysts’ expectations of C$1.67 billion. Emera had a return on equity of 6.60% and a net margin of 10.83%. On average, analysts anticipate that Emera will post 3.1690821 earnings per share for the current year.

Emera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a $0.717 dividend. This represents a $2.87 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Thursday, August 1st. Emera’s dividend payout ratio is 111.67%.

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.