Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$76.67

Emera Incorporated (TSE:EMA) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$76.67.

Several equities research analysts recently weighed in on EMA shares. Barclays decreased their price objective on Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on shares of Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st. BMO Capital Markets increased their target price on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada lifted their target price on shares of Emera from C$76.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, TD boosted their price target on shares of Emera from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Monday, August 10th.

Emera Price Performance

Emera stock opened at C$68.02 on Monday. The business’s 50 day simple moving average is C$71.62 and its 200 day simple moving average is C$72.37. Emera has a 12 month low of C$64.48 and a 12 month high of C$77.99. The company has a market cap of C$20.81 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 6.20 and a beta of 0.47. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 153.87.

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

Emera Dividend Announcement

The firm 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%.

Emera Company Profile

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.