Hawaiian Holdings (NASDAQ: HA) has recently received a number of price target changes and ratings updates:

  • 10/20/2017 – Hawaiian Holdings had its price target lowered by analysts at Citigroup Inc. from $50.00 to $45.00. They now have a “neutral” rating on the stock.
  • 10/20/2017 – Hawaiian Holdings had its price target raised by analysts at Buckingham Research from $39.00 to $44.00. They now have a “neutral” rating on the stock.
  • 10/18/2017 – Hawaiian Holdings was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/16/2017 – Hawaiian Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Shares of Hawaiian Holdings have underperformed its industry on a year-to-date basis. High costs are likely to hurt its bottom line in the third quarter, results of which should be revealed on Oct 19. Recently, the company increased its third-quarter guidance for fuel costs per gallon. It expects  third-quarter economic fuel cost per gallon between $1.65 and $1.75. In fact the Zacks Consensus Estimate for the third quarter has been revised downward 3.1% in the last 60 days. The fact that Southwest Airlines will start flights to Hawaii next year will intensify competition for Hawaiian Holdings. However, the carrier's efforts to modernize its fleet and expand operations is impressive.”
  • 10/13/2017 – Hawaiian Holdings had its price target lowered by analysts at Cowen and Company from $47.00 to $43.00. They now have a “market perform” rating on the stock.
  • 10/13/2017 – Hawaiian Holdings was given a new $30.00 price target on by analysts at Morgan Stanley. They now have an “underweight” rating on the stock.
  • 10/10/2017 – Hawaiian Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Hawaiian Holdings have underperformed its industry on a year-to-date basis. High costs are likely to hurt Hawaiian Holdings' bottom line in the third quarter, results of which should be revealed on Oct 19. Recently, the company increased its third-quarter guidance for fuel costs per gallon. The stock has witnessed the third-quarter Zacks Consensus Estimate being revised 0.5% downward over the last 30 days. The rumor that Southwest Airlines might start flights to Hawaii from mid-2018 has hurt the Hawaiian Holdings stock.  We are, however, impressed by the carrier’s efforts to modernize its fleet.”
  • 10/10/2017 – Hawaiian Holdings had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $38.00 price target on the stock, down previously from $43.00.
  • 10/2/2017 – Hawaiian Holdings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – Hawaiian Holdings was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating. They now have a $39.00 price target on the stock. They wrote, “plummeted” amid tensions with North Korea, McKenzie commented in his downgrade note. Specifically, bookings over the past two months between Tokyo and Honolulu International Airport are down 55 percent and bookings between Osaka and Honolulu are down 67 percent. As a whole, bookings from Japan and South Korea comprise around 16 percent of the company’s total revenue. By comparison, bookings from the U.S., Australia, New Zealand and elsewhere are all flat.While the airline did announce a “brilliant”
  • 9/25/2017 – Hawaiian Holdings is now covered by analysts at Macquarie. They set an “outperform” rating and a $49.00 price target on the stock.
  • 9/7/2017 – Hawaiian Holdings was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/1/2017 – Hawaiian Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $47.00 price target on the stock.

Shares of Hawaiian Holdings, Inc. (HA) opened at 38.50 on Tuesday. Hawaiian Holdings, Inc. has a 52-week low of $36.20 and a 52-week high of $60.90. The firm has a 50-day moving average price of $39.37 and a 200 day moving average price of $45.83. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 9.37 and a beta of 1.42.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian Holdings had a return on equity of 43.15% and a net margin of 7.67%. The firm had revenue of $719.56 million for the quarter, compared to the consensus estimate of $721.00 million. During the same period in the previous year, the business earned $1.91 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts expect that Hawaiian Holdings, Inc. will post $5.57 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 16th.

In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the executive vice president now directly owns 197,411 shares in the company, valued at $7,896,440. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 3,000 shares of company stock worth $122,430. Company insiders own 2.30% of the company’s stock.

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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