Emera Incorporated (TSE: EMA) Receives Average “Hold” Rating from Brokerages
Shares of Emera Incorporated (TSE:EMA) received a consensus rating of “Hold” from the thirteen analysts who currently cover the stock, Marketbeat.com reports. One equity research analyst gave the stock a sell rating, four issued a hold rating and four gave the company a buy rating. The 1-year average price target among brokerages that have covered the stock over the past year is C$62.83.
The EMA has been the subject of a number of research analyst reports. Credit Suisse Group raised its price target on Emera shares to C$63.00 and gave the stock a “neutral” rating in a research report Thursday, Jan. 27. CIBC raised its price target on Emera from CA$60.00 to CA$64.00 in a Tuesday, January 11 report. TD Securities raised its price target on Emera from C$64.00 to C$66.00 and gave the stock a “buy” rating in a report released Thursday, January 6. Raymond James set a price target of C$61.00 on Emera and gave the stock a “market performance” rating in a report released Tuesday. Finally, National Bankshares raised its price target on Emera from CA$58.00 to CA$59.00 and gave the company an “sector performance” rating in a report released Thursday, December 2.
The EMA stock opened at C$58.80 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt ratio of 162.19. Emera has a 1-year low of C$49.66 and a 1-year high of C$63.71. The company has a market capitalization of C$15.36 billion and a PE ratio of 29.70. The company has a 50-day moving average of C$60.70 and a 200-day moving average of C$59.43.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 15. Investors of record on Tuesday, February 1 received a dividend of $0.663. The ex-dividend date was Monday, January 31. This represents an annualized dividend of $2.65 and a yield of 4.51%. Emera’s dividend payout ratio (DPR) is currently 130.05%.
Emera Incorporated, an energy and utility company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity to various customers. The Company operates through Florida Electric Utilities, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure and Other segments.
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