Emera Incorporated (TSE:EMA) Stock Has Consensus Target Price of C$76.67 According to Brokerages

Emera Incorporated (TSE:EMA) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$76.67.

EMA has been the subject of a number of recent analyst reports. Scotiabank boosted their target price on shares of Emera from C$78.00 to C$80.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. BMO Capital Markets lifted their price target on shares of Emera from C$76.00 to C$80.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. TD boosted their price objective on shares of Emera from C$77.00 to C$79.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Desjardins upped their price objective on Emera from C$70.00 to C$74.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, Raymond James Financial increased their target price on Emera from C$75.25 to C$77.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th.

Emera Stock Performance

Shares of EMA opened at C$67.48 on Monday. Emera has a 1 year low of C$64.79 and a 1 year high of C$77.99. The company’s 50 day simple moving average is C$71.24 and its 200 day simple moving average is C$72.31. The company has a market capitalization of C$20.64 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 6.20 and a beta of 0.47. The company has a debt-to-equity ratio of 153.87, a quick ratio of 0.23 and a current ratio of 0.73.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%.The business had revenue of C$2.01 billion for the quarter. On average, sell-side analysts predict that Emera will post 3.1991627 EPS for the current year.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 31st. Emera’s dividend payout ratio is 92.78%.

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.