Hawaiian Electric Industries, Inc. (NYSE:HE) shares traded -1.07% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $29.50 within the next 52-weeks. Since analyst price targets calculations are subjective, there often can be a wide range of targets from various analysts. This is the consensus price target based on the analysts polled by Thomson Reuters’ First Call as of today’s date.
After a look at recent stock performance, shares have traded $1.12 off of the 50-day moving average of $29.35 and $-0.47 off of the 200-day moving average of $30.94. Shares have been recorded at -12.89% separated from the 52-week high of 34.98 and +11.61% away from the 52-week low of 27.30. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.
Street analysts have the ability to employ multiple metrics to help calculate target price estimates. A common metric is a company’s P/E Ratio. This calculation is derived by dividing the current share price by the projected earnings per share. Hawaiian Electric Industries, I presently has a P/E Ratio of 13.42. Investors may also monitor a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A PEG Ratio under one may indicate that the company is undervalued. If a company has a PEG Ratio above one, it may represent that the company is overvalued. A PEG Ratio near one might be seen as fair value. The company has a current PEG Ratio of 4.52.