Hawaiian Holdings Inc. (HA) Upgraded to Buy at Zacks Investment Research
Hawaiian Holdings Inc. (NASDAQ:HA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $54.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 11.69% from the stock’s current price.
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. “
Several other research analysts have also weighed in on HA. Deutsche Bank AG upped their price objective on shares of Hawaiian Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group AG set a $44.00 price objective on shares of Hawaiian Holdings and gave the company a “hold” rating in a research note on Monday, September 12th. Imperial Capital started coverage on shares of Hawaiian Holdings in a research report on Tuesday, September 6th. They issued an “outperform” rating and a $58.00 target price for the company. Morgan Stanley reissued a “sell” rating and issued a $43.00 target price on shares of Hawaiian Holdings in a research report on Sunday, August 21st. Finally, Argus raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, July 26th. 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 a consensus rating of “Hold” and a consensus price target of $50.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/hawaiian-holdings-inc-ha-upgraded-to-buy-at-zacks-investment-research.html
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 0.48% on Wednesday, hitting $48.35. 570,609 shares of the stock were exchanged. The company has a market cap of $2.58 billion, a P/E 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. The firm’s 50-day moving average is $47.76 and its 200-day moving average is $44.28.
Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The business had revenue of $594.60 million for the quarter, compared to analyst estimates of $589.04 million. On average, equities analysts forecast that Hawaiian Holdings will post $4.94 EPS for the current fiscal year.
In other news, SVP Barbara Falvey sold 5,500 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $45.25, for a total value of $248,875.00. Following the completion of the transaction, the senior vice president now owns 23,534 shares in the company, valued at approximately $1,064,913.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Theodoros Panagiotoulias sold 1,508 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $47.19, for a total transaction of $71,162.52. Following the completion of the transaction, the senior vice president now owns 12,332 shares of the company’s stock, valued at approximately $581,947.08. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Aperio Group LLC boosted its position in shares of Hawaiian Holdings by 39.4% in the first quarter. Aperio Group LLC now owns 21,354 shares of the company’s stock worth $1,008,000 after buying an additional 6,035 shares in the last quarter. Nisa Investment Advisors L.L.C. boosted its position in shares of Hawaiian Holdings by 161.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 14,900 shares of the company’s stock worth $703,000 after buying an additional 9,200 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Hawaiian Holdings by 46.4% in the first quarter. Teachers Advisors Inc. now owns 111,352 shares of the company’s stock worth $5,255,000 after buying an additional 35,317 shares in the last quarter. BlackRock Inc. boosted its position in shares of Hawaiian Holdings by 133.6% in the first quarter. BlackRock Inc. now owns 3,467 shares of the company’s stock worth $164,000 after buying an additional 1,983 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of 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 in the last quarter. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.