Hawaiian Holdings Inc. (HA) Price Target Raised to $55.00 at Deutsche Bank AG
Hawaiian Holdings Inc. (NASDAQ:HA) had its price target lifted by equities researchers at Deutsche Bank AG from $50.00 to $55.00 in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 14.30% from the company’s previous close.
Several other equities analysts have also recently weighed in on the company. Credit Suisse Group AG set a $44.00 price objective on Hawaiian Holdings and gave the stock a “hold” rating in a research report on Monday, September 12th. Imperial Capital started coverage on Hawaiian Holdings in a research note on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price target on the stock. Morgan Stanley restated a “sell” rating and set a $43.00 price target on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Argus upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 26th. Finally, Bank of America Corp. restated a “hold” rating and set a $47.00 price target on shares of Hawaiian Holdings in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.56.
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 0.25% during midday trading on Wednesday, reaching $48.24. The company’s stock had a trading volume of 109,816 shares. The firm has a market capitalization of $2.58 billion, a PE ratio of 11.42 and a beta of 1.30. Hawaiian Holdings has a 1-year low of $27.56 and a 1-year high of $51.53. The company’s 50-day moving average price is $47.67 and its 200 day moving average price is $44.25.
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Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate 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. On average, equities research analysts forecast that Hawaiian Holdings will post $4.94 earnings per share for the current year.
In other Hawaiian Holdings news, CEO Mark B. Dunkerley sold 8,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $50.26, for a total transaction of $402,080.00. Following the completion of the transaction, the chief executive officer now owns 567,644 shares in the company, valued at approximately $28,529,787.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $45.97, for a total value of $1,221,974.54. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock valued at $226,188,000 after buying an additional 706,642 shares during the period. BlackRock Fund Advisors increased its stake in shares of Hawaiian Holdings by 6.7% in the second quarter. BlackRock Fund Advisors now owns 3,131,931 shares of the company’s stock valued at $118,888,000 after buying an additional 196,249 shares during the period. Renaissance Technologies LLC increased its stake in shares of Hawaiian Holdings by 37.6% in the first quarter. Renaissance Technologies LLC now owns 2,154,200 shares of the company’s stock valued at $101,657,000 after buying an additional 588,300 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hawaiian Holdings by 7.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,226,099 shares of the company’s stock valued at $46,543,000 after buying an additional 89,658 shares during the period. Finally, Numeric Investors LLC increased its stake in shares of Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock valued at $44,154,000 after buying an additional 541,015 shares during the period. Hedge funds and other institutional investors own 88.19% of the company’s stock.
About Hawaiian Holdings
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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