Raymond James reiterated their market perform rating on shares of Emera (TSE:EMA) in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a C$56.00 price target on the stock. Raymond James also issued estimates for Emera’s Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.62 EPS and FY2019 earnings at $2.79 EPS.

EMA has been the subject of several other reports. TD Securities increased their price objective on Emera from C$55.00 to C$59.00 and gave the company a buy rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on Emera from C$56.00 to C$59.00 and gave the company an outperform rating in a research report on Monday, May 13th. BMO Capital Markets cut Emera from an outperform rating to a market perform rating and set a C$55.00 price objective for the company. in a research report on Tuesday. National Bank Financial increased their price objective on Emera from C$52.00 to C$54.00 and gave the company a sector perform rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Emera from C$45.00 to C$49.00 in a research report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Emera has a consensus rating of Hold and an average price target of C$54.10.

EMA opened at C$56.59 on Tuesday. Emera has a 1-year low of C$38.09 and a 1-year high of C$56.90. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 187.67. The stock has a market capitalization of $13.50 billion and a price-to-earnings ratio of 17.68. The business has a 50 day moving average of C$54.57 and a 200-day moving average of C$51.14.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.587 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $2.35 annualized dividend and a yield of 4.15%. Emera’s dividend payout ratio (DPR) is currently 72.71%.

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 is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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