Hawaiian Electric Industries Given Consensus Recommendation of “Buy” by Analysts (NYSE:HE)
Hawaiian Electric Industries (NYSE:HE) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, AR Network reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $25.13.
Shares of Hawaiian Electric Industries (NYSE:HE) traded down 0.40% on Friday, hitting $24.72. 157,062 shares of the company’s stock traded hands. Hawaiian Electric Industries has a 1-year low of $23.04 and a 1-year high of $27.24. The stock has a 50-day moving average of $24.59 and a 200-day moving average of $24.98. The company has a market cap of $2.509 billion and a price-to-earnings ratio of 14.36.
Hawaiian Electric Industries (NYSE:HE) last released its earnings data on Wednesday, May 7th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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.
HE has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. set a $23.00 price target on shares of Hawaiian Electric Industries in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet upgraded shares of Hawaiian Electric Industries to a “buy” rating in a research note on Friday, June 27th. Finally, analysts at TheStreet downgraded shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th.
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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