Emera (TSE:EMA) Rating Increased to Outperform at CIBC

CIBC upgraded shares of Emera (TSE:EMA) from a neutral rating to an outperform rating in a report published on Monday morning,BayStreet.CA reports. They currently have C$58.00 target price on the stock, up from their prior target price of C$54.00.

Several other analysts have also commented on the stock. National Bankshares lifted their price target on shares of Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Raymond James lifted their price target on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their price objective on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank lifted their target price on shares of Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America raised Emera from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$53.10.

Emera Trading Up 0.7 %

EMA stock opened at C$53.80 on Monday. Emera has a 12 month low of C$44.13 and a 12 month high of C$54.19. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a market cap of C$15.52 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a 50-day simple moving average of C$52.11.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, November 1st. This represents a $2.90 annualized dividend and a yield of 5.39%. Emera’s dividend payout ratio (DPR) is 112.84%.

Emera Company Profile

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.