JPMorgan Chase & Co. Boosts Emera (TSE:EMA) Price Target to C$58.00
EMA has been the topic of a number of other research reports. CSFB lowered shares of Emera from an outperform rating to a neutral rating and decreased their price target for the stock from C$64.00 to C$60.00 in a report on Wednesday, July 22nd. Credit Suisse Group lowered Emera from an outperform rating to a neutral rating and dropped their price target for the stock from C$64.00 to C$60.00 in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$61.50.
Emera stock opened at C$56.34 on Friday. The stock has a market cap of $13.89 billion and a price-to-earnings ratio of 16.63. The company has a quick ratio of 0.29, a current ratio of 0.57 and a debt-to-equity ratio of 169.45. The business has a 50-day simple moving average of C$54.47 and a 200 day simple moving average of C$54.11. Emera has a 52 week low of C$42.12 and a 52 week high of C$60.94.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.637 per share. This represents a $2.55 annualized dividend and a yield of 4.52%. This is a positive change from Emera’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Friday, October 30th. Emera’s dividend payout ratio is presently 75.27%.
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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