Emera (EMA) Price Target Lowered to C$47.00 at BMO Capital Markets

Emera (TSE:EMA) had its price target lowered by BMO Capital Markets from C$48.00 to C$47.00 in a research note released on Friday. BMO Capital Markets currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. CIBC reduced their price target on Emera from C$47.00 to C$45.00 in a research report on Wednesday, October 24th. Industrial Alliance Securities reduced their price target on Emera from C$55.00 to C$51.00 in a research report on Tuesday, October 9th. Royal Bank of Canada reduced their price target on Emera from C$50.00 to C$46.00 and set an outperform rating on the stock in a research report on Monday, August 13th. TD Securities reduced their price target on Emera from C$49.00 to C$47.00 and set a buy rating on the stock in a research report on Monday, August 13th. Finally, CSFB lowered Emera from an outperform rating to a neutral rating and reduced their price target for the company from C$48.00 to C$45.00 in a research report on Friday, August 10th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$46.89.

EMA stock traded up C$2.34 during mid-day trading on Friday, reaching C$43.08. The company had a trading volume of 2,469,300 shares, compared to its average volume of 708,750. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 196.43. Emera has a fifty-two week low of C$38.09 and a fifty-two week high of C$49.48.

Emera (TSE:EMA) last posted its quarterly earnings results on Thursday, August 9th. The company reported C$0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.15). The business had revenue of C$1.42 billion during the quarter, compared to the consensus estimate of C$1.49 billion. On average, equities research analysts predict that Emera will post 2.88999996169367 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.587 per share. This represents a $2.35 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Wednesday, October 31st. This is a positive change from Emera’s previous quarterly dividend of $0.57. Emera’s dividend payout ratio (DPR) is 233.42%.

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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