Hawaiian Holdings, Inc. (HA) Given New $43.00 Price Target at Cowen and Company
Hawaiian Holdings, Inc. (NASDAQ:HA) had its price target lowered by stock analysts at Cowen and Company from $47.00 to $43.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s target price suggests a potential upside of 10.26% from the stock’s current price.
A number of other equities research analysts have also recently commented on HA. Morgan Stanley reissued an “underweight” rating and set a $41.00 price target (up from $40.00) on shares of Hawaiian Holdings in a report on Monday, July 10th. BidaskClub cut Hawaiian Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Bank of America Corporation decreased their price target on Hawaiian Holdings from $47.00 to $43.00 and set an “underperform” rating on the stock in a report on Friday, June 30th. ValuEngine cut Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Stifel Nicolaus raised Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Hawaiian Holdings has a consensus rating of “Hold” and a consensus price target of $48.33.
Shares of Hawaiian Holdings (NASDAQ HA) opened at 39.00 on Friday. The company’s 50 day moving average price is $39.99 and its 200-day moving average price is $46.22. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.49 and a beta of 1.41. Hawaiian Holdings has a 1-year low of $36.20 and a 1-year high of $60.90.
Hawaiian Holdings (NASDAQ:HA) last released its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The company had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. Hawaiian Holdings’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. On average, equities analysts forecast that Hawaiian Holdings will post $5.58 earnings per share for the current year.
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In other news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $41.78, for a total value of $41,780.00. Following the sale, the executive vice president now directly owns 198,411 shares of the company’s stock, valued at $8,289,611.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 3,000 shares of company stock worth $122,430 over the last ninety days. Insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Tyers Asset Management LLC bought a new stake in Hawaiian Holdings during the fourth quarter worth approximately $109,000. Flinton Capital Management LLC increased its stake in Hawaiian Holdings by 2.3% during the first quarter. Flinton Capital Management LLC now owns 2,492 shares of the transportation company’s stock worth $116,000 after acquiring an additional 56 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in Hawaiian Holdings during the first quarter worth approximately $127,000. Acrospire Investment Management LLC bought a new stake in Hawaiian Holdings during the first quarter worth approximately $134,000. Finally, First Mercantile Trust Co. increased its stake in Hawaiian Holdings by 17.2% during the first quarter. First Mercantile Trust Co. now owns 2,954 shares of the transportation company’s stock worth $137,000 after acquiring an additional 434 shares during the last quarter. 90.42% of the stock is currently owned by institutional investors.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.
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