Brokerages Set Hawaiian Holdings, Inc. (HA) PT at $49.73

Hawaiian Holdings, Inc. (NASDAQ:HA) has received an average rating of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $49.73.

A number of brokerages have weighed in on HA. Morgan Stanley raised their target price on Hawaiian from $38.00 to $41.00 and gave the company a “sell” rating in a report on Friday, April 6th. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Hawaiian from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Imperial Capital lifted their price target on Hawaiian from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Finally, Sidoti upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Thursday, March 8th.

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In other Hawaiian news, Director Donald J. Carty purchased 5,000 shares of the business’s stock in a transaction on Friday, March 16th. The stock was acquired at an average cost of $37.79 per share, for a total transaction of $188,950.00. Following the completion of the transaction, the director now directly owns 18,675 shares in the company, valued at approximately $705,728.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Elkfork Partners LLC bought a new position in shares of Hawaiian during the fourth quarter valued at approximately $199,000. First Mercantile Trust Co. grew its holdings in shares of Hawaiian by 90.1% during the fourth quarter. First Mercantile Trust Co. now owns 5,427 shares of the transportation company’s stock valued at $216,000 after buying an additional 2,572 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Hawaiian by 28.2% during the fourth quarter. Flinton Capital Management LLC now owns 6,356 shares of the transportation company’s stock valued at $253,000 after buying an additional 1,400 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Hawaiian during the fourth quarter valued at approximately $259,000. Finally, Eqis Capital Management Inc. grew its holdings in shares of Hawaiian by 27.2% during the fourth quarter. Eqis Capital Management Inc. now owns 7,751 shares of the transportation company’s stock valued at $309,000 after buying an additional 1,657 shares during the last quarter. 90.09% of the stock is owned by institutional investors.

NASDAQ:HA traded down $0.25 during trading hours on Thursday, reaching $39.15. 346,714 shares of the company were exchanged, compared to its average volume of 1,072,600. The company has a market capitalization of $2,011.34, a P/E ratio of 6.91 and a beta of 1.50. Hawaiian has a 1-year low of $32.40 and a 1-year high of $59.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.79 and a quick ratio of 0.79.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Monday, January 29th. The transportation company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.10. The business had revenue of $686.50 million for the quarter, compared to the consensus estimate of $686.00 million. Hawaiian had a return on equity of 36.52% and a net margin of 13.51%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. sell-side analysts anticipate that Hawaiian will post 5.33 EPS for the current fiscal year.

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About Hawaiian

Hawaiian Holdings, Inc operates as a holding company for Hawaiian Airlines, Inc The company through its subsidiary Hawaiian Airlines, Inc is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands between the Hawaiian Islands and certain cities in the United States, and between the Hawaiian Islands and the South Pacific, Australia and Asia.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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