Emera (TSE:EMA) Price Target Cut to C$52.00 by Analysts at Scotiabank

Emera (TSE:EMA) had its price target cut by Scotiabank from C$56.00 to C$52.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. TD Securities dropped their price target on shares of Emera from C$62.00 to C$57.00 and set a buy rating for the company in a research report on Tuesday, February 27th. CIBC dropped their price target on shares of Emera from C$53.00 to C$51.00 and set a neutral rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Emera from C$50.00 to C$48.00 and set an underweight rating for the company in a research report on Monday, January 22nd. Raymond James dropped their price target on shares of Emera from C$59.00 to C$55.00 in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada dropped their price target on shares of Emera from C$62.00 to C$60.00 and set an outperform rating for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$54.60.

Emera Stock Performance

Shares of TSE EMA opened at C$46.70 on Monday. The firm has a 50 day moving average of C$47.58 and a 200 day moving average of C$48.15. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 164.26. The firm has a market capitalization of C$13.35 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth 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$59.52.

Emera (TSE:EMA) last announced its earnings results on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.71 by C($0.08). The business had revenue of C$1.97 billion for the quarter, compared to the consensus estimate of C$1.97 billion. Emera had a net margin of 13.80% and a return on equity of 8.88%. On average, research analysts anticipate that Emera will post 3.2788927 earnings per share for the current year.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.717 dividend. This represents a $2.87 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Tuesday, April 30th. Emera’s dividend payout ratio (DPR) is presently 80.39%.

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.