Brokerages Set Hawaiian Holdings, Inc. (HA) Price Target at $46.60

Hawaiian Holdings, Inc. (NASDAQ:HA) has earned an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $46.60.

HA has been the topic of several recent research reports. ValuEngine cut Hawaiian from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, November 16th. Finally, Bank of America reiterated an “underperform” rating and issued a $38.00 price objective (down from $43.00) on shares of Hawaiian in a report on Tuesday, October 10th.

In related news, EVP Peter R. Ingram sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total value of $40,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HA. Schwab Charles Investment Management Inc. lifted its stake in Hawaiian by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 280,705 shares of the transportation company’s stock worth $13,180,000 after purchasing an additional 12,136 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Hawaiian by 49.6% during the second quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock worth $243,000 after acquiring an additional 1,716 shares during the period. Legal & General Group Plc increased its position in shares of Hawaiian by 9.7% during the second quarter. Legal & General Group Plc now owns 97,033 shares of the transportation company’s stock worth $4,551,000 after acquiring an additional 8,550 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Hawaiian by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 52,023 shares of the transportation company’s stock worth $2,442,000 after acquiring an additional 169 shares during the period. Finally, Federated Investors Inc. PA increased its position in shares of Hawaiian by 2.6% during the second quarter. Federated Investors Inc. PA now owns 72,836 shares of the transportation company’s stock worth $3,420,000 after acquiring an additional 1,865 shares during the period. Institutional investors own 93.72% of the company’s stock.

Shares of Hawaiian (HA) traded up $0.30 during trading on Tuesday, hitting $39.10. The stock had a trading volume of 744,094 shares, compared to its average volume of 1,010,000. The firm has a market cap of $2,050.00, a PE ratio of 10.86, a P/E/G ratio of 3.87 and a beta of 1.52. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $59.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.

Hawaiian (NASDAQ:HA) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.07. The business had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 EPS. research analysts forecast that Hawaiian will post 5.64 earnings per share for the current fiscal year.

Hawaiian declared that its board has approved a share repurchase plan on Tuesday, December 5th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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Hawaiian Company Profile

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as its Scheduled Operations.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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