Hawaiian Holdings, Inc. (HA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $39.18.

A number of brokerages have recently weighed in on HA. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, September 29th. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Imperial Capital reiterated an “outperform” rating and set a $59.00 price objective (up previously from $57.00) on shares of Hawaiian in a research report on Tuesday, December 4th. Citigroup lifted their price objective on Hawaiian from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Finally, Cowen reiterated a “market perform” rating and set a $37.00 price objective (down previously from $38.00) on shares of Hawaiian in a research report on Thursday, December 6th.

A number of institutional investors have recently added to or reduced their stakes in HA. Adams Asset Advisors LLC raised its position in shares of Hawaiian by 18.8% in the 4th quarter. Adams Asset Advisors LLC now owns 38,541 shares of the transportation company’s stock valued at $1,017,000 after purchasing an additional 6,088 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Hawaiian by 1.2% in the 3rd quarter. Teachers Advisors LLC now owns 98,264 shares of the transportation company’s stock valued at $3,940,000 after purchasing an additional 1,204 shares in the last quarter. Legal & General Group Plc raised its position in shares of Hawaiian by 7.7% in the 3rd quarter. Legal & General Group Plc now owns 112,400 shares of the transportation company’s stock valued at $4,488,000 after purchasing an additional 8,052 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Hawaiian by 37.1% in the 3rd quarter. Nordea Investment Management AB now owns 112,464 shares of the transportation company’s stock valued at $4,510,000 after purchasing an additional 30,408 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Hawaiian by 24.4% in the 3rd quarter. Macquarie Group Ltd. now owns 670,498 shares of the transportation company’s stock valued at $26,887,000 after purchasing an additional 131,703 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Hawaiian stock opened at $30.64 on Friday. Hawaiian has a one year low of $24.81 and a one year high of $44.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 5.43 and a beta of 1.79.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.17. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The company had revenue of $759.10 million during the quarter, compared to the consensus estimate of $762.00 million. During the same quarter last year, the company earned $1.92 earnings per share. Hawaiian’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Hawaiian will post 5.37 earnings per share for the current year.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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