Hawaiian Holdings Inc. (HA) Price Target Increased to $55.00 by Analysts at Deutsche Bank AG
Hawaiian Holdings Inc. (NASDAQ:HA) had its price target boosted by Deutsche Bank AG from $50.00 to $55.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price points to a potential upside of 13.75% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Credit Suisse Group AG set a $44.00 price target on Hawaiian Holdings and gave the stock a “hold” rating in a report on Monday, September 12th. Imperial Capital initiated coverage on Hawaiian Holdings in a report on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price objective for the company. Morgan Stanley restated a “sell” rating and set a $43.00 price objective on shares of Hawaiian Holdings in a report on Sunday, August 21st. Argus upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, July 26th. Finally, Bank of America Corp. restated a “hold” rating and set a $47.00 price objective on shares of Hawaiian Holdings in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.00.
Hawaiian Holdings (NASDAQ:HA) traded up 0.48% during midday trading on Wednesday, reaching $48.35. The company had a trading volume of 570,609 shares. The stock’s 50 day moving average is $47.76 and its 200 day moving average is $44.28. The company has a market capitalization of $2.58 billion, a PE ratio of 11.45 and a beta of 1.30. Hawaiian Holdings has a one year low of $27.67 and a one year high of $51.53.
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Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. The business earned $594.60 million during the quarter, compared to analysts’ expectations of $589.04 million. Equities research analysts forecast that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.
In other Hawaiian Holdings news, Director William S. Swelbar sold 16,577 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $44.59, for a total transaction of $739,168.43. Following the completion of the transaction, the director now directly owns 12,675 shares in the company, valued at $565,178.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $45.97, for a total transaction of $1,221,974.54. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HA. Louisiana State Employees Retirement System increased its position in shares of Hawaiian Holdings by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock valued at $801,000 after buying an additional 100 shares in the last quarter. BlackRock Group LTD boosted its stake in Hawaiian Holdings by 0.6% in the first quarter. BlackRock Group LTD now owns 36,699 shares of the company’s stock worth $1,732,000 after buying an additional 207 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Hawaiian Holdings by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,049 shares of the company’s stock worth $230,000 after buying an additional 242 shares during the last quarter. Arizona State Retirement System boosted its stake in Hawaiian Holdings by 1.6% in the second quarter. Arizona State Retirement System now owns 24,797 shares of the company’s stock worth $941,000 after buying an additional 400 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in Hawaiian Holdings by 0.9% in the second quarter. Synovus Financial Corp now owns 47,999 shares of the company’s stock worth $1,821,000 after buying an additional 408 shares during the last quarter. Institutional investors and hedge funds own 88.19% of the company’s stock.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
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