Emera Incorporated (TSE:EMA) Receives C$61.44 Average Price Target from Brokerages

Emera Incorporated (TSE:EMA) has received a consensus rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$61.44.

A number of research analysts recently weighed in on the stock. CIBC reissued a “neutral” rating and issued a C$59.00 target price on shares of Emera in a report on Wednesday, August 11th. CSFB raised their target price on shares of Emera from C$59.00 to C$60.00 in a report on Wednesday, September 1st. Credit Suisse Group reissued a “neutral” rating on shares of Emera in a report on Thursday, September 2nd. Wells Fargo & Company raised their target price on shares of Emera to C$62.00 in a report on Thursday, August 12th. Finally, National Bank Financial cut their target price on shares of Emera to C$58.00 and set a “sector perform” rating for the company in a report on Thursday, August 12th.

Shares of Emera stock traded down C$0.34 on Wednesday, hitting C$57.70. 343,973 shares of the company traded hands, compared to its average volume of 912,152. The stock has a market capitalization of C$14.80 billion and a P/E ratio of 23.88. The company has a debt-to-equity ratio of 161.88, a quick ratio of 0.31 and a current ratio of 0.67. Emera has a 52 week low of C$49.66 and a 52 week high of C$60.26. The business has a 50-day simple moving average of C$58.88 and a 200 day simple moving average of C$57.28.

Emera (TSE:EMA) last released its quarterly earnings data on Wednesday, August 11th. The company reported C$0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.54. The company had revenue of C$1.14 billion for the quarter, compared to the consensus estimate of C$1.21 billion. Research analysts expect that Emera will post 3.0799998 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Monday, August 16th were paid a dividend of $0.6375 per share. This represents a $2.55 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, July 30th. Emera’s payout ratio is 103.91%.

About Emera

Emera Incorporated, an energy and services company, 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.

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Analyst Recommendations for Emera (TSE:EMA)

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