Emera Inc (TSE:EMA) Receives C$51.60 Consensus Target Price from Analysts

Emera Inc (TSE:EMA) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$51.60.

Several research firms recently weighed in on EMA. BMO Capital Markets reissued a “buy” rating on shares of Gran Tierra Energy in a report on Wednesday, June 26th. Raymond James reissued a “neutral” rating and set a $35.00 price objective on shares of Stantec in a report on Monday, May 13th. TD Securities cut their price objective on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating on the stock in a report on Monday, May 13th. Royal Bank of Canada raised their price objective on NVIDIA to $200.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Finally, JPMorgan Chase & Co. raised their price objective on Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, April 15th.

Shares of EMA stock traded down C$0.17 during trading hours on Monday, reaching C$54.02. The company’s stock had a trading volume of 657,000 shares, compared to its average volume of 813,820. The company’s 50 day moving average is C$53.69. The firm has a market capitalization of $12.76 billion and a P/E ratio of 16.88. Emera has a fifty-two week low of C$38.09 and a fifty-two week high of C$55.09. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 187.67.

Emera (TSE:EMA) last issued its earnings results on Friday, May 10th. The company reported C$0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.84 by C$0.11. The business had revenue of C$1.82 billion during the quarter, compared to analyst estimates of C$1.77 billion. On average, research analysts expect that Emera will post 2.8900002 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.587 per share. This represents a $2.35 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, July 31st. Emera’s dividend payout ratio (DPR) is 72.01%.

Emera Company Profile

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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Analyst Recommendations for Emera (TSE:EMA)

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