Emera Inc (TSE:EMA) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$51.60.
EMA has been the subject of several recent research reports. BMO Capital Markets reissued a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. Royal Bank of Canada increased their price target on NVIDIA to $200.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. TD Securities reduced their price target on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a research report on Monday, May 13th. National Bank Financial cut WestJet Airlines from a “reduce” rating to a “tender” rating and increased their price target for the company from C$22.00 to C$31.00 in a research report on Monday, May 13th. Finally, JPMorgan Chase & Co. increased their price target on Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, April 15th.
Shares of Emera stock traded down C$0.17 during trading hours on Monday, hitting C$54.02. The company’s stock had a trading volume of 657,000 shares, compared to its average volume of 813,820. Emera has a 12 month low of C$38.09 and a 12 month high of C$55.09. The stock has a 50 day simple moving average of C$53.69. The company has a market capitalization of $12.76 billion and a P/E ratio of 16.88. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 187.67.
Emera (TSE:EMA) last posted its quarterly earnings data on Friday, May 10th. The company reported C$0.95 earnings per share for the quarter, topping the consensus estimate of C$0.84 by C$0.11. The firm had revenue of C$1.82 billion for the quarter, compared to analyst estimates of C$1.77 billion. As a group, research analysts anticipate that Emera will post 2.8900002 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.587 per share. The ex-dividend date is Wednesday, July 31st. This represents a $2.35 annualized dividend and a yield of 4.35%. Emera’s dividend payout ratio (DPR) is presently 72.01%.
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.
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