Emera (TSE:EMA) Given New C$59.00 Price Target at Raymond James

Emera (TSE:EMA) had its price objective cut by Raymond James from C$64.00 to C$59.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on EMA. UBS Group upped their price objective on shares of Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Scotiabank increased their price objective on shares of Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on Emera from C$60.00 to C$63.00 in a report on Monday, February 24th. BMO Capital Markets increased their price target on Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Finally, CIBC boosted their price objective on Emera from C$59.00 to C$63.00 in a research note on Friday, April 4th. Three equities research 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 MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and an average price target of C$58.55.

Emera Stock Up 1.1 %

Shares of Emera stock opened at C$61.03 on Thursday. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 1-year low of C$44.13 and a 1-year high of C$63.13. The business’s fifty day moving average price is C$58.61 and its two-hundred day moving average price is C$55.07. The company has a market capitalization of C$17.89 billion, a P/E ratio of 23.66, a PEG ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, May 1st. Emera’s dividend payout ratio is 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.