Emera Inc (EMA) Given Average Recommendation of “Buy” by Analysts

Shares of Emera Inc (TSE:EMA) have been assigned an average rating of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$47.45.

Several brokerages have recently commented on EMA. UBS Group raised shares of Emera from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$42.00 to C$51.00 in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Emera from C$42.00 to C$43.00 in a research note on Friday. Royal Bank of Canada upped their price objective on shares of Emera from C$46.00 to C$50.00 in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a C$47.00 price objective on shares of Emera in a research note on Wednesday. Finally, National Bank Financial upped their price objective on shares of Emera from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 27th.

Shares of TSE:EMA opened at C$44.60 on Friday. The company has a debt-to-equity ratio of 201.50, a quick ratio of 0.38 and a current ratio of 0.56. Emera has a 12 month low of C$38.09 and a 12 month high of C$49.48.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were paid a $0.587 dividend. This is an increase from Emera’s previous quarterly dividend of $0.57. This represents a $2.35 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date was Wednesday, October 31st. Emera’s dividend payout ratio is presently 206.58%.

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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