Emera Incorporated (TSE:EMA) Stock Has Consensus Price Target of C$76.67 According to Analysts

by · The Cerbat Gem

Shares of Emera Incorporated (TSE:EMA – Get Free Report) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$76.67.

Several equities analysts recently commented on EMA shares. TD upped their price objective on Emera from C$77.00 to C$79.00 and gave the company a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets raised their target price on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Barclays lowered their target price on Emera from C$74.00 to C$71.00 in a research note on Monday, August 10th. Desjardins upped their price target on Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce cut their price target on Emera from C$76.00 to C$72.00 in a research note on Tuesday, September 22nd.

View Our Latest Analysis on Emera

Emera Stock Performance

Shares of EMA stock opened at C$67.48 on Monday. The company has a debt-to-equity ratio of 153.87, a quick ratio of 0.23 and a current ratio of 0.73. The firm has a market cap of C$20.64 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 6.20 and a beta of 0.47. Emera has a 52 week low of C$64.79 and a 52 week high of C$77.99. The firm’s 50-day simple moving average is C$71.24 and its two-hundred day simple moving average is C$72.32.

Emera (TSE:EMA – Get Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.69 earnings per share for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. The firm had revenue of C$2.01 billion during the quarter. As a group, equities analysts forecast that Emera will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, July 31st. Emera’s payout ratio is currently 92.78%.

About Emera

(Get Free Report)

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

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