Market Overview

ISI Group Reiterates Hold Rating, $25 PT on Hawaiian Electric Industries

Related HE
Mid-Day Market Update: Hawaiian Electric Climbs On Merger News; Barnes & Noble Shares Slide
Mid-Day Gainers From December 4: Tilly's, Hawaiian Electric Industries, Enbridge, Pacific Sunwear, Avago Technologies

In a report published Monday, ISI Group reiterated its Hold rating and $25.00 price target on Hawaiian Electric Industries (NYSE: HE).

ISI Group noted, “We value HE using a sum of the parts approach, utilizing our DDM to value the utility and a price/tangible book value multiple to value the bank. Our target of $25/shr (14.7x '14 EPS) reflects structural regulatory lag and we continue to value ASB at a premium TBV multiple (1.8x). We therefore believe that HE stock is fully priced at these levels.”

Hawaiian Electric Industries closed on Friday at $25.38.

Latest Ratings for HE

DateFirmActionFromTo
Nov 2014BarclaysMaintainsEqual-weight
Oct 2014MacquarieDowngradesOutperformNeutral
Sep 2014ISI GroupUpgradesCautiousNeutral

View More Analyst Ratings for HE
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (HE)

Around the Web, We're Loving...

Get Benzinga's Newsletters