Desjardins Analysts Give Emera (TSE:EMA) a C$74.00 Price Target

Desjardins set a C$74.00 price objective on Emera (TSE:EMA) in a research report report published on Tuesday,BayStreet reports. The brokerage currently has a hold rating on the stock.

A number of other research firms have also issued reports on EMA. Canadian Imperial Bank of Commerce cut their price target on shares of Emera from C$76.00 to C$72.00 in a report on Tuesday, September 22nd. Raymond James Financial upped their price target on shares of Emera from C$75.25 to C$77.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Scotiabank raised their price objective on shares of Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada lifted their price objective on shares of Emera from C$76.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, TD cut their target price on shares of Emera from C$79.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$76.25.

Emera Trading Up 1.3%

TSE:EMA opened at C$69.09 on Tuesday. The stock has a fifty day simple moving average of C$68.17 and a 200 day simple moving average of C$71.02. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 153.87. The firm has a market capitalization of C$21.13 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 6.20 and a beta of 0.42. Emera has a 1-year low of C$64.62 and a 1-year high of C$77.99.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.69 EPS for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. The company had revenue of C$2.01 billion during the quarter. Sell-side analysts forecast that Emera will post 3.20 earnings per share for the current year.

Emera Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, October 30th. This is a boost from Emera’s previous quarterly dividend of $0.7325. Emera’s dividend payout ratio is 92.78%.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.