Emera (TSE:EMA) Price Target Raised to C$60.00 at BMO Capital Markets

Emera (TSE:EMA) had its price target increased by BMO Capital Markets from C$58.00 to C$60.00 in a research report released on Monday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. National Bankshares upped their price target on Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Raymond James upped their price target on Emera from C$57.00 to C$59.00 in a research note on Monday. CIBC upped their price target on Emera from C$58.00 to C$59.00 in a research note on Monday. Finally, Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$58.10.

Emera Trading Down 1.2 %

Shares of TSE EMA opened at C$57.00 on Monday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. Emera has a twelve month low of C$44.13 and a twelve month high of C$57.93. The company has a 50 day moving average price of C$54.50. The stock has a market capitalization of C$16.71 billion, a PE ratio of 22.09, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.09%. Emera’s dividend payout ratio (DPR) is currently 112.40%.

About Emera

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.