Emera Incorporated (TSE:EMA) Receives C$51.80 Consensus Price Target from Brokerages

Emera Incorporated (TSE:EMA) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$51.80.

A number of research firms have recently weighed in on EMA. National Bankshares upped their price objective on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Scotiabank upped their price target on Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Raymond James upped their price objective on Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Bank of America set a C$55.00 target price on shares of Emera and gave the stock a “neutral” rating in a report on Friday, September 20th.

Emera Price Performance

TSE EMA opened at C$53.29 on Thursday. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The business’s fifty day moving average is C$50.69 and its 200 day moving average is C$48.35. The company has a market capitalization of C$15.37 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. Emera has a fifty-two week low of C$43.67 and a fifty-two week high of C$53.83.

Emera (TSE:EMA) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.53 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The firm had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%. Sell-side analysts predict that Emera will post 3.1690821 earnings per share for the current year.

Emera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 14th will be paid a dividend of $0.725 per share. The ex-dividend date is Thursday, October 3rd. This is a boost from Emera’s previous quarterly dividend of $0.72. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.44%. Emera’s payout ratio is currently 111.67%.

About Emera

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.