Imperial Capital Increases Hawaiian Holdings, Inc. (HA) Price Target to $74.00

Hawaiian Holdings, Inc. (NASDAQ:HA) had its price objective boosted by Imperial Capital from $72.00 to $74.00 in a research report issued on Monday. The brokerage currently has an “outperform” rating on the transportation company’s stock. Imperial Capital’s target price indicates a potential upside of 102.74% from the stock’s current price.

A number of other research analysts also recently commented on HA. ValuEngine downgraded shares of Hawaiian Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub downgraded shares of Hawaiian Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Stifel Nicolaus raised shares of Hawaiian Holdings from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research report on Tuesday, July 25th. Cowen and Company decreased their price objective on shares of 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. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $52.00 price objective (down previously from $64.00) on shares of Hawaiian Holdings in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Hawaiian Holdings has a consensus rating of “Hold” and a consensus target price of $47.58.

Shares of Hawaiian Holdings (NASDAQ:HA) remained flat at $$36.50 on Monday. 1,365,100 shares of the stock traded hands, compared to its average volume of 1,031,916. Hawaiian Holdings has a 12-month low of $32.40 and a 12-month high of $60.90. The company has a market cap of $1,915.22, a P/E ratio of 6.27, a P/E/G ratio of 2.91 and a beta of 1.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90.

Hawaiian Holdings (NASDAQ:HA) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $1.91 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts forecast that Hawaiian Holdings will post 5.55 earnings per share for the current year.

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In other Hawaiian Holdings news, EVP Peter R. Ingram sold 1,000 shares of Hawaiian Holdings stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of HA. FNY Managed Accounts LLC acquired a new stake in Hawaiian Holdings in the 3rd quarter worth about $152,000. Riverhead Capital Management LLC raised its position in shares of Hawaiian Holdings by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,028 shares of the transportation company’s stock valued at $189,000 after buying an additional 1,828 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Hawaiian Holdings by 80.9% in the 2nd quarter. Flinton Capital Management LLC now owns 4,508 shares of the transportation company’s stock valued at $212,000 after buying an additional 2,016 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Hawaiian Holdings in the 3rd quarter valued at approximately $224,000. Finally, First Quadrant L P CA raised its position in shares of Hawaiian Holdings by 170.7% in the 2nd quarter. First Quadrant L P CA now owns 4,873 shares of the transportation company’s stock valued at $229,000 after buying an additional 3,073 shares in the last quarter. Institutional investors and hedge funds own 92.63% of the company’s stock.

About Hawaiian Holdings

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.

Analyst Recommendations for Hawaiian Holdings (NASDAQ:HA)

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