Emera Incorporated (TSE:EMA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Emera Incorporated (TSE:EMA) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$73.43.

EMA has been the topic of several recent research reports. National Bank Financial upped their price objective on Emera from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 24th. BMO Capital Markets upped their price objective on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Bank of America upped their price objective on Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. Barclays set a C$72.00 price objective on Emera and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Raymond James Financial increased their price target on Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a report on Tuesday.

Emera Stock Up 0.7%

Shares of EMA opened at C$72.47 on Friday. The stock has a market capitalization of C$22.16 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 6.20 and a beta of 0.54. Emera has a 1 year low of C$59.02 and a 1 year high of C$74.80. The business’s 50 day simple moving average is C$71.69 and its 200-day simple moving average is C$69.06. The company has a debt-to-equity ratio of 161.69, a current ratio of 0.66 and a quick ratio of 0.23.

Emera (TSE:EMA) last issued its quarterly earnings data on Monday, February 23rd. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$2.01 billion for the quarter. Emera had a return on equity of 8.11% and a net margin of 13.11%. As a group, equities analysts expect that Emera will post 3.1991627 earnings per share for the current fiscal year.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, May 1st. Emera’s dividend payout ratio is presently 86.02%.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.