Morgan Stanley set a $41.00 price objective on Hawaiian (NASDAQ:HA) in a research note published on Friday. The firm currently has a sell rating on the transportation company’s stock.
Several other research analysts also recently commented on the stock. BidaskClub raised shares of Hawaiian from a sell rating to a hold rating in a report on Wednesday, December 27th. Imperial Capital raised their price target on shares of Hawaiian from $75.00 to $80.00 and gave the company an outperform rating in a report on Tuesday, January 30th. Argus reissued a hold rating and issued a $61.00 price target on shares of Hawaiian in a report on Thursday, January 11th. Stifel Nicolaus raised their price target on shares of Hawaiian from $40.00 to $45.00 and gave the company a hold rating in a report on Tuesday, January 30th. Finally, Sidoti raised shares of Hawaiian from a neutral rating to a buy rating and set a $49.00 price target for the company in a report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $49.33.
Hawaiian stock traded down $1.25 during mid-day trading on Friday, reaching $39.95. The company’s stock had a trading volume of 798,519 shares, compared to its average volume of 1,094,240. Hawaiian has a 12-month low of $32.40 and a 12-month high of $59.45. The firm has a market capitalization of $2,113.96, a price-to-earnings ratio of 7.08, a P/E/G ratio of 3.45 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.53.
Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hawaiian had a net margin of 13.51% and a return on equity of 36.52%. The business had revenue of $686.50 million during the quarter, compared to analyst estimates of $686.00 million. During the same period in the previous year, the business earned $1.28 EPS. Hawaiian’s revenue was up 8.5% compared to the same quarter last year. equities research analysts forecast that Hawaiian will post 5.29 EPS for the current year.
In related news, Director Donald J. Carty acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was bought at an average cost of $37.79 per share, with a total value of $188,950.00. Following the acquisition, the director now owns 18,675 shares of the company’s stock, valued at approximately $705,728.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HA. Elkfork Partners LLC purchased a new position in Hawaiian in the 4th quarter worth $199,000. MetLife Investment Advisors LLC purchased a new position in Hawaiian in the 4th quarter worth $893,000. Gotham Asset Management LLC raised its position in Hawaiian by 20.0% in the 4th quarter. Gotham Asset Management LLC now owns 356,495 shares of the transportation company’s stock worth $14,206,000 after purchasing an additional 59,369 shares during the period. Vident Investment Advisory LLC raised its position in Hawaiian by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 54,341 shares of the transportation company’s stock worth $2,165,000 after purchasing an additional 3,311 shares during the period. Finally, LPL Financial LLC raised its position in Hawaiian by 16.2% in the 4th quarter. LPL Financial LLC now owns 11,790 shares of the transportation company’s stock worth $470,000 after purchasing an additional 1,643 shares during the period. 90.08% of the stock is owned by institutional investors.
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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.
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