Emera (TSE:EMA) Price Target Raised to C$70.00

Emera (TSE:EMA) had its price target upped by Raymond James Financial from C$66.00 to C$70.00 in a research note released on Monday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock. Raymond James Financial also issued estimates for Emera’s Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $3.60 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $0.86 EPS and FY2026 earnings at $3.46 EPS.

Other equities research analysts have also recently issued reports about the company. CIBC increased their price target on Emera from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Royal Bank Of Canada increased their price target on shares of Emera from C$69.00 to C$70.00 and gave the stock an “outperform” rating in a report on Monday. Desjardins set a C$62.00 price target on shares of Emera and gave the stock a “hold” rating in a report on Tuesday, May 6th. BMO Capital Markets increased their price target on shares of Emera from C$65.00 to C$68.00 in a report on Monday. Finally, Scotiabank increased their price target on shares of Emera from C$67.00 to C$70.00 and gave the stock an “outperform” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$64.33.

Emera Trading Down 0.7%

Emera stock opened at C$64.78 on Monday. The stock has a 50-day moving average of C$62.73 and a two-hundred day moving average of C$60.42. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. Emera has a one year low of C$49.05 and a one year high of C$67.42. The stock has a market cap of C$18.99 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be given a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, August 1st. Emera’s dividend payout ratio (DPR) is currently 112.40%.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.