Emera (TSE:EMA) Price Target Raised to C$60.00

Emera (TSE:EMA) had its price objective increased by BMO Capital Markets from C$58.00 to C$60.00 in a report published on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$51.00 to C$56.00 in a research note on Thursday, December 12th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Royal Bank of Canada lifted their price target on shares of Emera from C$60.00 to C$63.00 in a research note on Monday. Scotiabank lifted their target price on shares of Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lifted their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$58.10.

Emera Trading Up 1.4 %

Shares of Emera stock opened at C$58.10 on Monday. The company’s fifty day simple moving average is C$54.65 and its 200-day simple moving average is C$52.88. The stock has a market capitalization of C$17.04 billion, a PE ratio of 22.52, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a 1-year low of C$44.13 and a 1-year high of C$58.73. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were paid a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Friday, January 31st. Emera’s payout ratio is currently 112.40%.

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.