Hawaiian Electric Industries Receives $27.50 Average Price Target from Analysts (NYSE:HE)

January19:

Shares of Hawaiian Electric Industries (NYSE:HE) have received an average recommendation of “Hold” from the eight analysts that are covering the stock, American Banking and Market News reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.50.
Hawaiian Electric Industries (NYSE:HE) traded up 1.22% on Tuesday, hitting $34.11. 1,061,143 shares of the company’s stock traded hands. Hawaiian Electric Industries has a one year low of $22.71 and a one year high of $35.00. The stock has a 50-day moving average of $32.72 and a 200-day moving average of $27.49. The company has a market cap of $3.498 billion and a P/E ratio of 19.70.
Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.04. Analysts expect that Hawaiian Electric Industries will post $1.62 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Gabelli downgraded shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 8th. Analysts at Barclays reiterated an “equal weight” rating and set a $28.00 price target (up previously from $26.00) on shares of Hawaiian Electric Industries in a research note on Friday, November 7th. Finally, analysts at Zacks upgraded shares of Hawaiian Electric Industries from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Tuesday, November 4th.
Hawaiian Electric Industries, Inc (NYSE:HE) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The principal communities served include Honolulu (on Oahu), Hilo and Kona (on Hawaii) and Wailuku and Kahului (on Maui).

Source:    tickerreport.com/banking-finance/390235/hawaiian-electric-industries-receives-27-50-average-price-target-from-analysts-nysehe/?

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