Emera (TSE:EMA) Stock Gets Price Target Reduction from TD

Emera (TSE:EMA – Free Report) had its target price reduced by TD from C$79.00 to C$75.00 in a report issued on Wednesday morning,BayStreet reports. TD currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on EMA. Desjardins boosted their target price on Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research note on Monday, July 20th. BMO Capital Markets raised their price target on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Barclays lowered their price objective on shares of Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. JPMorgan Chase & Co. boosted their price objective on shares of Emera from C$73.00 to C$79.00 in a research report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Emera from C$76.00 to C$72.00 in a report on Tuesday, September 22nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$76.25.

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Emera Stock Performance

Shares of Emera stock opened at C$65.20 on Wednesday. The firm has a market cap of C$20.03 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 6.20 and a beta of 0.42. The stock’s 50-day moving average is C$69.38 and its 200-day moving average is C$71.96. Emera has a one year low of C$64.62 and a one year high of C$77.99. The company has a debt-to-equity ratio of 153.87, a current ratio of 0.73 and a quick ratio of 0.23.

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

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, July 31st. Emera’s dividend payout ratio is presently 92.78%.

Emera Company Profile

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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.

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