Scotiabank Trims Emera (TSE:EMA) Target Price to C$52.00

Emera (TSE:EMA) had its price target trimmed by Scotiabank from C$56.00 to C$52.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on EMA. CIBC reduced their price objective on shares of Emera from C$53.00 to C$51.00 and set a neutral rating on the stock in a research report on Friday, April 19th. TD Securities decreased their price target on shares of Emera from C$62.00 to C$57.00 and set a buy rating on the stock in a research note on Tuesday, February 27th. Raymond James cut their price objective on Emera from C$59.00 to C$55.00 in a research report on Tuesday, February 27th. National Bankshares reduced their target price on Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. Finally, Royal Bank of Canada dropped their price target on Emera from C$62.00 to C$60.00 and set an outperform rating for the company in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$54.60.

Emera Trading Down 0.3 %

Shares of EMA stock opened at C$46.61 on Monday. The stock has a fifty day simple moving average of C$47.59 and a two-hundred day simple moving average of C$48.15. Emera has a 52-week low of C$43.67 and a 52-week high of C$59.52. The firm has a market capitalization of C$13.32 billion, a PE ratio of 13.06, a PEG ratio of 2.77 and a beta of 0.28. The company has a debt-to-equity ratio of 164.26, a quick ratio of 0.23 and a current ratio of 0.82.

Emera (TSE:EMA) last released its earnings results on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.71 by C($0.08). The business 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%. On average, analysts predict that Emera will post 3.2788927 EPS for the current fiscal year.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.717 per share. The ex-dividend date is Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a yield of 6.15%. Emera’s dividend payout ratio (DPR) is presently 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.