Market Overview

UPDATE: Deutsche Bank Initiates UIL Holdings at Hold; Earnings Confidence Priced In

Related UIL
Earnings Scheduled For November 2, 2015
David Einhorn Discusses His Q3 Performance And New Long Positions In UIL Holdings, Michael Kors

Deutsche Bank initiated coverage on UIL Holdings (NYSE: UIL) with a Hold rating and a $38.00 price target.

Deutsche Bank commented, "We expect UIL to deliver EPS CAGR of 8% through 2015 driven primarily by the conversion of heating oil customers to natural gas. Despite above-average earnings growth, we are not expecting UIL to deliver any dividend growth over the next four years given a high current payout ratio (85%), above average leverage (62% debt-to-total cap), and negative free cash flow, which will likely require equity issuance. We see modest total return potential of about 1%, including a 4.4% dividend yield."

UIL Holdings closed at $39.19 on Thursday.

Latest Ratings for UIL

May 2015Janney CapitalInitiates Coverage onNeutral
Apr 2015GabelliInitiates Coverage onBuy
Mar 2015Argus ResearchDowngradesHoldSell

View More Analyst Ratings for UIL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Analyst Ratings


Related Articles (UIL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters