Hawaiian Holdings Price Target Increased to $8.00 by Analysts at Cowen and Company (HA)
Stock analysts at Cowen and Company boosted their price target on shares of Hawaiian Holdings (NYSE:HA) from $7.25 to $8.00 in a report issued on Thursday, AR Network reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 1.39% from the stock’s previous close.
Hawaiian Holdings (NYSE:HA) traded up 0.25% on Thursday, hitting $7.89. The stock had a trading volume of 746,801 shares. Hawaiian Holdings has a 52-week low of $5.16 and a 52-week high of $7.88. The stock’s 50-day moving average is $7.32 and its 200-day moving average is $6.27. The company has a market cap of $411.3 million and a price-to-earnings ratio of 11.31.
Hawaiian Holdings (NYSE:HA) last released its earnings data on Tuesday, October 22nd. The company reported $0.69 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.69. The company had revenue of $599.29 million for the quarter, compared to the consensus estimate of $600.58 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Hawaiian Holdings will post $0.83 earnings per share for the current fiscal year.
In other Hawaiian Holdings news, major shareholder Hirzel Capital Management Llc bought 29,800 shares of Hawaiian Holdings stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of $7.40 per share, with a total value of $220,520.00. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Hawaiian Holdings from $7.00 to $8.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Wolfe Research downgraded shares of Hawaiian Holdings to an “underperform” rating in a research note to investors on Wednesday. Finally, analysts at Zacks downgraded shares of Hawaiian Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $8.20 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.53.
Hawaiian Holdings, Inc (NYSE:HA), is a holding company whose primary asset is the sole ownership of all issued and outstanding shares of common stock of Hawaiian Airlines, Inc (Hawaiian).
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