CIBC Raises Emera (TSE:EMA) Price Target to C$64.00

Emera (TSE:EMA) had its target price increased by CIBC from C$60.00 to C$64.00 in a report published on Tuesday morning, BayStreet.CA reports.

Several other research analysts have also weighed in on the stock. CSFB set a C$60.00 price objective on shares of Emera and gave the stock a neutral rating in a research note on Thursday, December 2nd. BMO Capital Markets restated an outperform rating on shares of Emera in a research note on Tuesday, September 21st. JPMorgan Chase & Co. lowered shares of Emera from a neutral rating to an underweight rating and boosted their price objective for the stock from C$61.00 to C$62.00 in a research note on Friday, January 7th. Scotiabank boosted their price objective on shares of Emera from C$64.00 to C$65.00 in a research note on Thursday, December 2nd. Finally, National Bankshares lifted their target price on shares of Emera from C$58.00 to C$59.00 and gave the stock a sector perform rating in a report on Thursday, December 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Emera currently has a consensus rating of Hold and an average target price of C$62.54.

Shares of EMA stock opened at C$60.28 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.29 and a debt-to-equity ratio of 161.35. Emera has a 1 year low of C$49.66 and a 1 year high of C$63.71. The firm’s fifty day moving average price is C$60.52 and its two-hundred day moving average price is C$59.06. The firm has a market capitalization of C$15.59 billion and a P/E ratio of 33.51.

Emera (TSE:EMA) last released its quarterly earnings data on Wednesday, November 10th. The company reported C$0.68 earnings per share for the quarter, topping the consensus estimate of C$0.67 by C$0.01. The firm had revenue of C$1.15 billion for the quarter, compared to analyst estimates of C$1.30 billion. As a group, equities research analysts forecast that Emera will post 3.0699998 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Tuesday, February 1st will be issued a $0.663 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, January 31st. Emera’s dividend payout ratio is currently 141.75%.

About Emera

Emera Incorporated, an energy and services company, 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.

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Analyst Recommendations for Emera (TSE:EMA)

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