In a report published Monday, ISI Group reiterated its Hold rating and $25.00 price target on Hawaiian Electric Industries 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in