Raymond James restated their market perform rating on shares of Emera (TSE:EMA) in a report published on Tuesday morning, BayStreet.CA reports. Raymond James currently has a C$56.00 price objective 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.
A number of other equities research analysts also recently commented on EMA. CSFB lifted their target price on Emera from C$50.00 to C$56.00 and gave the stock a neutral rating in a report on Thursday, July 25th. TD Securities lifted their target price on Emera from C$55.00 to C$59.00 and gave the stock a buy rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Emera from C$45.00 to C$49.00 in a report on Monday, April 15th. BMO Capital Markets downgraded Emera from an outperform rating to a market perform rating and set a C$55.00 target price for the company. in a report on Tuesday. Finally, Royal Bank of Canada lifted their target price on Emera from C$56.00 to C$59.00 and gave the stock an outperform rating in a report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of C$54.10.
Emera stock opened at C$56.32 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 187.67. Emera has a 52 week low of C$38.09 and a 52 week high of C$56.80. The company has a market capitalization of $13.40 billion and a price-to-earnings ratio of 17.59. The stock has a 50-day moving average price of C$54.50 and a 200 day moving average price of C$51.11.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.587 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Wednesday, July 31st. Emera’s dividend payout ratio (DPR) is 72.71%.
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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