Emera Incorporated (TSE:EMA) Receives Average Recommendation of “Hold” from Analysts

Emera Incorporated (TSE:EMAGet Free Report) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$51.00.

EMA has been the topic of several research reports. Royal Bank of Canada dropped their price objective on shares of Emera from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Raymond James cut their price target on Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. National Bankshares raised their price objective on Emera from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 30th. Scotiabank lowered their price objective on Emera from C$56.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets raised their target price on Emera from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th.

Check Out Our Latest Report on Emera

Emera Price Performance

Shares of TSE:EMA opened at C$45.98 on Tuesday. The company has a market cap of C$13.18 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.77 and a beta of 0.28. The business has a 50 day moving average price of C$47.33 and a 200 day moving average price of C$48.12. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 160.58. Emera has a twelve month low of C$43.67 and a twelve month high of C$55.74.

Emera (TSE:EMAGet Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.76 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.03). Emera had a net margin of 9.69% and a return on equity of 5.71%. The business had revenue of C$2.02 billion during the quarter, compared to the consensus estimate of C$2.04 billion. Research analysts predict that Emera will post 3.0053635 earnings per share for the current year.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were issued a dividend of $0.717 per share. The ex-dividend date was Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a yield of 6.24%. Emera’s dividend payout ratio is 128.70%.

About Emera

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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.

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Analyst Recommendations for Emera (TSE:EMA)

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