Hawaiian Electric Industries Sees Stock Price Rise Above Target
In the latest trading session, shares of Hawaiian Electric Industries Inc (Symbol: HE) exceeded the average analyst target price of $10.50, trading at $10.85 per share. When a stock hits this target, analysts typically have two choices: either downgrade on valuation or raise their price targets. Any decision may depend on recent developments within the company that could justify a price increase.
Hawaiian Electric Industries Inc has three different analyst targets contributing to the average. While one analyst has set a low target of $10.00, another has set a much higher target of $11.50. The standard deviation among these targets is $0.866, indicating varied expectations among analysts.
The purpose of looking at the average HE price target is to utilize a “wisdom of crowds” approach. This average reflects the combined insights of multiple analysts rather than a single expert opinion. With HE now surpassing the $10.50 target, investors are encouraged to evaluate whether the stock might reach even higher or if the current valuation has become too high, suggesting it’s time to cash out partially. Below is a table summarizing the recent analyst ratings for Hawaiian Electric Industries Inc:
| Recent HE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 3.0 | 3.0 | 3.0 | 3.0 |
The last row in the table reflects the average rating, calculated on a scale from 1 (Strong Buy) to 5 (Strong Sell). This data originates from Zacks Investment Research via Quandl.com. For further details, get the latest Zacks research report on HE—FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
