Hawaiian (HA) Given “Hold” Rating at Argus

Argus reaffirmed their hold rating on shares of Hawaiian (NASDAQ:HA) in a report released on Thursday morning, Marketbeat reports. Argus currently has a $61.00 target price on the transportation company’s stock.

Other research analysts have also recently issued research reports about the company. Buckingham Research restated a buy rating on shares of Hawaiian in a research note on Thursday, November 23rd. Cowen lowered their target price on Hawaiian from $47.00 to $43.00 and set a market perform rating for the company in a research note on Friday, October 13th. BidaskClub upgraded Hawaiian from a strong sell rating to a sell rating in a research note on Wednesday, October 18th. ValuEngine upgraded Hawaiian from a hold rating to a buy rating in a research note on Friday, December 1st. Finally, Imperial Capital raised their target price on Hawaiian from $72.00 to $74.00 and gave the company an outperform rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $47.58.

Shares of Hawaiian (NASDAQ:HA) remained flat at $$38.75 during mid-day trading on Thursday. The company had a trading volume of 786,300 shares, compared to its average volume of 1,086,233. The stock has a market capitalization of $2,030.00, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 3.78 and a beta of 1.52. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $59.45. 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 (NASDAQ:HA) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.07. The firm had revenue of $719.56 million for the quarter, compared to analyst estimates of $721.00 million. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. equities analysts anticipate that Hawaiian will post 5.65 earnings per share for the current fiscal year.

Hawaiian declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 5th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

A number of large investors have recently made changes to their positions in HA. FNY Managed Accounts LLC purchased a new position in Hawaiian during the third quarter valued at $152,000. Riverhead Capital Management LLC raised its stake in Hawaiian by 83.1% during the second 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 during the last quarter. Flinton Capital Management LLC raised its stake in Hawaiian by 80.9% during the second 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 during the last quarter. First Hawaiian Bank purchased a new position in Hawaiian during the third quarter valued at $224,000. Finally, SG Americas Securities LLC raised its stake in Hawaiian by 49.6% during the second quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock valued at $243,000 after buying an additional 1,716 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

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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.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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