TheStreet Upgrades Hawaiian Electric Industries to “Buy” (HE)
Hawaiian Electric Industries (NYSE:HE) traded up 0.80% on Friday, hitting $25.16. The stock had a trading volume of 231,796 shares. Hawaiian Electric Industries has a one year low of $23.04 and a one year high of $27.24. The stock has a 50-day moving average of $24.30 and a 200-day moving average of $25.02. The company has a market cap of $2.553 billion and a P/E ratio of 14.44.
Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The company had revenue of $783.75 million for the quarter, compared to the consensus estimate of $738.83 million. On average, analysts predict that Hawaiian Electric Industries will post $1.62 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HE. Analysts at Zacks reiterated a “neutral” rating on shares of Hawaiian Electric Industries in a research note on Friday, May 9th. They now have a $25.00 price target on the stock. Analysts at Macquarie upgraded shares of Hawaiian Electric Industries from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 8th. They now have a $25.50 price target on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hawaiian Electric Industries presently has an average rating of “Buy” and a consensus price target of $25.83.
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.
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