Cowen Lowers Hawaiian (HA) Price Target to $39.00

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Hawaiian (NASDAQ:HA) had its target price trimmed by Cowen from $41.00 to $39.00 in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank raised shares of Hawaiian from a hold rating to a buy rating and increased their target price for the company from $40.00 to $45.00 in a research report on Wednesday, July 25th. Buckingham Research increased their target price on shares of Hawaiian from $35.00 to $39.00 and gave the company a hold rating in a research report on Friday, September 7th. BidaskClub raised shares of Hawaiian from a sell rating to a hold rating in a research report on Saturday, July 28th. Stifel Nicolaus decreased their target price on shares of Hawaiian from $50.00 to $45.00 and set a hold rating for the company in a research report on Wednesday, July 25th. Finally, Imperial Capital reissued an outperform rating and set a $77.00 target price (up previously from $74.00) on shares of Hawaiian in a research report on Thursday, September 27th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Hawaiian presently has a consensus rating of Hold and a consensus target price of $47.00.

Shares of HA opened at $33.52 on Tuesday. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $44.25. The company has a market capitalization of $2.03 billion, a PE ratio of 5.94 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.75 and a quick ratio of 0.75.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.18. Hawaiian had a net margin of 12.73% and a return on equity of 32.45%. The firm had revenue of $715.45 million during the quarter, compared to analysts’ expectations of $716.52 million. During the same quarter in the prior year, the company earned $1.49 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts expect that Hawaiian will post 5.75 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Needham Investment Management LLC raised its holdings in shares of Hawaiian by 22.1% in the second quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock worth $1,984,000 after buying an additional 10,000 shares during the last quarter. Financial Consulate Inc. raised its holdings in shares of Hawaiian by 3.9% in the second quarter. Financial Consulate Inc. now owns 67,413 shares of the transportation company’s stock worth $2,424,000 after buying an additional 2,558 shares during the last quarter. Piedmont Investment Advisors LLC raised its holdings in shares of Hawaiian by 403.3% in the second quarter. Piedmont Investment Advisors LLC now owns 55,192 shares of the transportation company’s stock worth $1,984,000 after buying an additional 44,225 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Hawaiian in the second quarter worth $692,000. Finally, KBC Group NV raised its holdings in shares of Hawaiian by 104.1% in the second quarter. KBC Group NV now owns 96,554 shares of the transportation company’s stock worth $3,471,000 after buying an additional 49,247 shares during the last quarter. 84.83% of the stock is owned by institutional investors.

About Hawaiian

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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