Hawaiian (NASDAQ:HA)‘s stock had its “hold” rating reiterated by Argus in a note issued to investors on Thursday, January 11th, MarketBeat Ratings reports. They presently have a $61.00 price target on the transportation company’s stock. Argus’ target price would suggest a potential upside of 63.10% from the stock’s previous close.
Other analysts have also issued reports about the company. ValuEngine raised Hawaiian from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Buckingham Research raised Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Thursday, November 16th. Stifel Nicolaus reissued a “hold” rating and set a $40.00 price objective on shares of Hawaiian in a report on Tuesday, October 24th. Zacks Investment Research raised Hawaiian from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub raised Hawaiian from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Hawaiian has an average rating of “Hold” and an average target price of $48.36.
Hawaiian (HA) traded down $1.55 during mid-day trading on Thursday, reaching $37.40. The company had a trading volume of 1,150,000 shares, compared to its average volume of 1,030,000. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $59.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1,960.00, a P/E ratio of 5.45, a P/E/G ratio of 3.20 and a beta of 1.54.
Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Monday, January 29th. The transportation company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 38.73% and a net margin of 13.51%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS. equities analysts predict that Hawaiian will post 5.16 EPS for the current year.
Hawaiian declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 5th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in HA. FNY Managed Accounts LLC bought a new position in Hawaiian during the third quarter valued at $152,000. Riverhead Capital Management LLC grew its holdings 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 purchasing an additional 1,828 shares during the period. Flinton Capital Management LLC grew its holdings 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 purchasing an additional 2,016 shares during the period. First Hawaiian Bank bought a new position in Hawaiian during the third quarter valued at $224,000. Finally, SG Americas Securities LLC grew its holdings 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 purchasing an additional 1,716 shares during the period. 93.45% of the stock is owned by institutional investors and hedge funds.
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Hawaiian Company Profile
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.
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