Hawaiian Holdings Trading Up 3.8% After Analyst Upgrade (HA)
Hawaiian Holdings (NYSE:HA) shares traded up 3.8% during mid-day trading on Thursday after Bank of America upgraded the stock from an underperform rating to a neutral rating, AnalystRatingsNetwork reports. Bank of America now has a $16.00 price target on the stock, up from their previous price target of $10.50. Hawaiian Holdings traded as high as $15.25 and last traded at $15.18, with a volume of 1,241,501 shares traded. The stock had previously closed at $14.63.
A number of other firms have also recently commented on HA. Analysts at Cowen and Company raised their price target on shares of Hawaiian Holdings from $13.00 to $14.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Hawaiian Holdings in a research note on Wednesday. They now have a $17.00 price target on the stock, up previously from $16.00. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Hawaiian Holdings in a research note on Monday, March 24th. They now have a $14.00 price target on the stock, up previously from $13.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Hawaiian Holdings currently has a consensus rating of “Hold” and a consensus target price of $14.74.
The stock has a 50-day moving average of $13.74 and a 200-day moving average of $10.49. The company has a market cap of $785.3 million and a P/E ratio of 14.93.
Hawaiian Holdings (NYSE:HA) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.12) by $0.10. The company had revenue of $524.90 million for the quarter, compared to the consensus estimate of $521.79 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Hawaiian Holdings will post $1.28 earnings per share for the current fiscal year.
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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