Cowen Lowers Hawaiian (NASDAQ:HA) to Underperform


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Cowen downgraded shares of Hawaiian (NASDAQ:HA) from a market perform rating to an underperform rating in a research note released on Monday morning, AnalystRatings.net reports. The firm currently has $15.00 price objective on the transportation company’s stock.

A number of other equities research analysts have also issued reports on HA. BidaskClub lowered shares of Hawaiian from a hold rating to a sell rating in a report on Wednesday, December 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Hawaiian from $17.00 to $21.00 and gave the company a hold rating in a report on Friday, December 11th. ValuEngine upgraded Hawaiian from a buy rating to a strong-buy rating in a report on Tuesday, January 5th. Finally, Seaport Global Securities initiated coverage on Hawaiian in a research report on Tuesday, September 15th. They issued a neutral rating on the stock. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $16.63.

HA opened at $20.24 on Monday. The business’s 50-day moving average price is $19.13 and its 200-day moving average price is $15.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.62. Hawaiian has a 12 month low of $7.55 and a 12 month high of $30.76. The company has a market cap of $931.12 million, a P/E ratio of -3.11 and a beta of 2.40.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, October 27th. The transportation company reported ($3.76) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.56) by ($0.20). Hawaiian had a negative net margin of 21.28% and a negative return on equity of 37.81%. The company had revenue of $75.98 million during the quarter, compared to the consensus estimate of $106.77 million. Equities research analysts forecast that Hawaiian will post -11.31 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. American International Group Inc. lifted its holdings in Hawaiian by 2.6% during the second quarter. American International Group Inc. now owns 32,215 shares of the transportation company’s stock valued at $452,000 after purchasing an additional 817 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Hawaiian by 1.7% in the third quarter. First Trust Advisors LP now owns 126,563 shares of the transportation company’s stock worth $1,631,000 after buying an additional 2,093 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Hawaiian by 18.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,700 shares of the transportation company’s stock worth $249,000 after acquiring an additional 2,700 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Hawaiian in the first quarter worth $81,000. Finally, Bank of America Corp DE grew its position in Hawaiian by 7.3% in the second quarter. Bank of America Corp DE now owns 62,089 shares of the transportation company’s stock worth $872,000 after acquiring an additional 4,246 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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