Analysts Set Emera Incorporated (TSE:EMA) Target Price at C$54.50

Shares of Emera Incorporated (TSE:EMA) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$54.50.

Several research analysts recently weighed in on EMA shares. TD Securities decreased their price objective on shares of Emera from C$62.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. CIBC lowered their price objective on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Scotiabank lowered their price objective on Emera from C$56.00 to C$52.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. National Bankshares reduced their price target on Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reduced their price target on Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a report on Monday, January 22nd.

Emera Price Performance

EMA opened at C$46.48 on Monday. The company has a debt-to-equity ratio of 164.26, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of C$13.28 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 2.77 and a beta of 0.28. The firm’s fifty day moving average price is C$47.44 and its two-hundred day moving average price is C$48.11. Emera has a 1 year low of C$43.67 and a 1 year high of C$59.52.

Emera (TSE:EMA) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). The firm had revenue of C$1.97 billion for the quarter, compared to analysts’ expectations of C$1.97 billion. Emera had a return on equity of 8.88% and a net margin of 13.80%. As a group, analysts anticipate that Emera will post 3.2788927 earnings per share for the current fiscal year.

Emera Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.717 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.87 annualized dividend and a yield of 6.17%. Emera’s payout ratio is 80.39%.

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.