Emera (TSE:EMA) Price Target Raised to C$75.00

Emera (TSE:EMA) had its price objective boosted by National Bank Financial from C$74.00 to C$75.00 in a research note released on Monday,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other research firms have also commented on EMA. JPMorgan Chase & Co. upped their price target on shares of Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce cut their price target on shares of Emera from C$76.00 to C$72.00 in a report on Tuesday, September 22nd. Scotiabank boosted their price objective on shares of Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. BMO Capital Markets upped their price objective on shares of Emera from C$76.00 to C$80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Barclays lowered their price objective on shares of Emera from C$74.00 to C$71.00 in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$76.33.

Emera Price Performance

Shares of Emera stock opened at C$72.26 on Monday. The company has a debt-to-equity ratio of 150.30, a current ratio of 0.73 and a quick ratio of 0.23. Emera has a one year low of C$64.62 and a one year high of C$77.99. The business’s 50 day simple moving average is C$68.39 and its two-hundred day simple moving average is C$71.16. The stock has a market capitalization of C$22.28 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 6.20 and a beta of 0.39.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, November 6th. The company reported C$0.85 earnings per share for the quarter. Emera had a return on equity of 7.08% and a net margin of 12.50%. The firm had revenue of C$1.98 billion during the quarter. Analysts forecast that Emera will post 3.20 EPS for the current year.

Emera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 4.1%. This is a boost from Emera’s previous quarterly dividend of $0.7325. The ex-dividend date is Friday, October 30th. Emera’s dividend payout ratio (DPR) is 97.99%.

About Emera

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.