ValuEngine Upgrades Hawaiian (HA) to “Buy”

Hawaiian (NASDAQ:HA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other analysts have also recently issued reports about the stock. Buckingham Research restated a “buy” rating on shares of Hawaiian in a research note on Thursday, November 23rd. Morgan Stanley dropped their price target on shares of Hawaiian from $40.00 to $39.00 and set an “underweight” rating on the stock in a research note on Thursday, August 17th. Cowen dropped their price target on shares of Hawaiian from $47.00 to $43.00 and set a “market perform” rating on the stock in a research note on Friday, October 13th. BidaskClub upgraded shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Imperial Capital increased their target price on shares of Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Hawaiian currently has an average rating of “Hold” and a consensus price target of $46.36.

Hawaiian (NASDAQ:HA) traded down $2.25 during trading hours on Friday, hitting $40.90. 1,820,000 shares of the stock traded hands, compared to its average volume of 1,238,500. Hawaiian has a one year low of $32.40 and a one year high of $60.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2,146.10, a P/E ratio of 7.03, a PEG ratio of 3.26 and a beta of 1.50.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The business had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same period in the prior year, the firm posted $1.91 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that Hawaiian will post 5.55 earnings per share for the current year.

In other Hawaiian news, EVP Peter R. Ingram sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $40.65, for a total value of $40,650.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Aperio Group LLC grew its stake in shares of Hawaiian by 3.3% in the second quarter. Aperio Group LLC now owns 17,683 shares of the transportation company’s stock worth $830,000 after acquiring an additional 557 shares during the period. Strs Ohio grew its stake in shares of Hawaiian by 40.0% in the second quarter. Strs Ohio now owns 8,400 shares of the transportation company’s stock worth $394,000 after acquiring an additional 2,400 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Hawaiian by 26.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,350 shares of the transportation company’s stock worth $908,000 after acquiring an additional 4,030 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Hawaiian by 4.0% in the second quarter. Great West Life Assurance Co. Can now owns 74,292 shares of the transportation company’s stock worth $3,485,000 after acquiring an additional 2,861 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Hawaiian during the second quarter valued at approximately $470,000. 93.92% of the stock is owned by hedge funds and other institutional investors.

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About Hawaiian

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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