Hawaiian Holdings, Inc. (HA) Stock Rating Upgraded by Buckingham Research
Hawaiian Holdings, Inc. (NASDAQ:HA) was upgraded by equities research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a $44.00 target price on the transportation company’s stock. Buckingham Research’s price target points to a potential upside of 13.26% from the stock’s current price.
HA has been the subject of several other reports. Cowen and Company cut their price objective on Hawaiian Holdings from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Wednesday, July 26th. Morgan Stanley cut their price objective on Hawaiian Holdings from $40.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, August 17th. BidaskClub upgraded Hawaiian Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. Imperial Capital lifted their price objective on Hawaiian Holdings from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, ValuEngine downgraded Hawaiian Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $47.58.
Hawaiian Holdings (NASDAQ:HA) traded up $1.65 during mid-day trading on Thursday, hitting $38.85. 1,525,098 shares of the stock were exchanged, compared to its average volume of 1,032,766. Hawaiian Holdings has a 52 week low of $32.40 and a 52 week high of $60.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $2,040.00, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 2.91 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian Holdings had a net margin of 7.67% and a return on equity of 41.49%. The company had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same period last year, the firm earned $1.91 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts expect that Hawaiian Holdings will post 5.54 earnings per share for the current year.
In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total transaction of $40,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in HA. FNY Managed Accounts LLC purchased a new stake in Hawaiian Holdings during the 3rd quarter worth $152,000. Riverhead Capital Management LLC boosted its position in Hawaiian Holdings by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock worth $189,000 after purchasing an additional 1,828 shares during the period. Flinton Capital Management LLC boosted its position in Hawaiian Holdings by 80.9% during the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock worth $212,000 after purchasing an additional 2,016 shares during the period. First Hawaiian Bank purchased a new stake in Hawaiian Holdings during the 3rd quarter worth $224,000. Finally, First Quadrant L P CA boosted its position in Hawaiian Holdings by 170.7% during the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock worth $229,000 after purchasing an additional 3,073 shares during the period. 92.63% of the stock is owned by hedge funds and other 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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