Emera (TSE:EMA) Price Target Raised to C$59.00 at Raymond James

Emera (TSE:EMA) had its price target hoisted by Raymond James from C$57.00 to C$59.00 in a research report released on Monday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on EMA. National Bankshares raised their price objective on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and raised their target price for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th. BMO Capital Markets raised their target price on shares of Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Scotiabank raised their target price on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Trading Down 1.2 %

EMA stock opened at C$57.00 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a twelve month low of C$44.13 and a twelve month high of C$57.93. The business’s 50 day moving average is C$54.50. The firm 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were issued a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Friday, January 31st. Emera’s dividend payout ratio (DPR) is 112.40%.

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.