Brokerage Firm Rating Update on Hawaiian Electric Industries (HE)

Hawaiian Electric Industries (HE) has an average broker rating of 3.67, which is interpreted as a Sell, as rated by 3 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Company shares have received an average consensus rating of Hold for the current week

Hawaiian Electric Industries (NYSE:HE): The stock opened at $30 and touched an intraday high of $30.345 on Wednesday. During the day, the stock corrected to an intraday low of $29.86, however, the bulls stepped in and pushed the price higher to close in the green at $30.3 with a gain of 1.00% for the day. The total traded volume for the day was 541,544. The stock had closed at $30 in the previous trading session.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

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