BMO Capital Markets Lowers Emera (TSE:EMA) to Market Perform

BMO Capital Markets cut shares of Emera (TSE:EMA) from an outperform rating to a market perform rating in a research report released on Tuesday morning, BayStreet.CA reports. BMO Capital Markets currently has C$55.00 target price on the stock.

A number of other research analysts have also weighed in on EMA. CSFB raised their price objective on shares of Emera from C$50.00 to C$56.00 and gave the company a neutral rating in a research note on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Emera from C$56.00 to C$59.00 and gave the company an outperform rating in a research note on Monday, May 13th. National Bank Financial raised their price objective on shares of Emera from C$51.00 to C$52.00 and gave the company a sector perform rating in a research note on Monday, May 13th. TD Securities raised their price objective on shares of Emera from C$55.00 to C$59.00 and gave the company a buy rating in a research note on Tuesday. Finally, Raymond James raised their price objective on shares of Emera from C$50.00 to C$56.00 in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of C$54.10.

Emera stock opened at C$56.32 on Tuesday. Emera has a 1-year low of C$38.09 and a 1-year high of C$56.80. The firm has a market capitalization of $13.40 billion and a price-to-earnings ratio of 17.59. The firm’s fifty day moving average price is C$54.50 and its two-hundred day moving average price is C$51.11. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 187.67.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.587 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.35 annualized dividend and a dividend yield of 4.17%. Emera’s dividend payout ratio is currently 72.71%.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

Featured Article: What moving averages are used to define a golden cross?

Analyst Recommendations for Emera (TSE:EMA)

Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.