Hawaiian Holdings Inc. (HA) Upgraded by Zacks Investment Research to Buy
Hawaiian Holdings Inc. (NASDAQ:HA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $54.00 price objective on the stock. Zacks Investment Research’s target price indicates a potential upside of 11.69% from the company’s previous close.
According to Zacks, “Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti. “
HA has been the topic of a number of other reports. Vetr downgraded Hawaiian Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Thursday, July 7th. Deutsche Bank AG upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, June 27th. They noted that the move was a valuation call. Morgan Stanley reissued a “sell” rating and issued a $43.00 price target on shares of Hawaiian Holdings in a report on Sunday, August 21st. Argus raised Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, July 26th. Finally, Imperial Capital assumed coverage on Hawaiian Holdings in a report on Tuesday, September 6th. They issued an “outperform” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $50.00.
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Shares of Hawaiian Holdings (NASDAQ:HA) traded up 0.48% on Wednesday, hitting $48.35. The stock had a trading volume of 570,609 shares. The stock has a market cap of $2.58 billion, a P/E ratio of 11.45 and a beta of 1.30. The firm has a 50 day moving average of $47.76 and a 200 day moving average of $44.28. Hawaiian Holdings has a 12 month low of $27.67 and a 12 month high of $51.53.
Hawaiian Holdings (NASDAQ:HA) last posted its earnings results on Thursday, July 21st. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The company had revenue of $594.60 million for the quarter, compared to the consensus estimate of $589.04 million. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. On average, equities analysts forecast that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.
In other news, SVP Barbara Falvey sold 5,500 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $45.25, for a total value of $248,875.00. Following the completion of the sale, the senior vice president now owns 23,534 shares of the company’s stock, valued at $1,064,913.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William S. Swelbar sold 16,577 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $44.59, for a total value of $739,168.43. Following the completion of the sale, the director now directly owns 12,675 shares of the company’s stock, valued at approximately $565,178.25. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. Advisor Group Inc. bought a new stake in shares of Hawaiian Holdings during the second quarter valued at $129,000. Acrospire Investment Management LLC bought a new stake in shares of Hawaiian Holdings during the first quarter valued at $134,000. Societe Generale bought a new stake in shares of Hawaiian Holdings during the second quarter valued at $149,000. SG Americas Securities LLC bought a new stake in shares of Hawaiian Holdings during the second quarter valued at $149,000. Finally, Sei Investments Co. increased its stake in shares of Hawaiian Holdings by 27.1% in the second quarter. Sei Investments Co. now owns 4,212 shares of the company’s stock valued at $160,000 after buying an additional 899 shares during the last quarter. 88.19% of the stock is owned by institutional investors.
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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