Hawaiian (NASDAQ:HA) had its price objective cut by Buckingham Research from $39.00 to $38.00 in a research report report published on Wednesday. They currently have a neutral rating on the transportation company’s stock.
Several other equities analysts have also weighed in on HA. BidaskClub lowered shares of Hawaiian from a hold rating to a sell rating in a report on Friday, July 13th. ValuEngine lowered shares of Hawaiian from a sell rating to a strong sell rating in a report on Thursday, October 4th. Cowen dropped their price objective on shares of Hawaiian from $45.00 to $43.00 and set a market perform rating on the stock in a report on Tuesday, June 12th. Macquarie set a $43.00 price objective on shares of Hawaiian and gave the company a buy rating in a report on Monday, October 8th. Finally, Deutsche Bank dropped their price objective on shares of Hawaiian from $45.00 to $41.00 and set a buy rating on the stock in a report on Wednesday. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Hawaiian currently has an average rating of Hold and an average price target of $47.00.
Shares of NASDAQ HA traded up $0.81 during trading on Wednesday, hitting $33.52. 1,377,761 shares of the company traded hands, compared to its average volume of 817,967. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $44.25. The firm has a market capitalization of $2.03 billion, a P/E ratio of 5.94 and a beta of 1.31. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.63.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.44 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $716.52 million. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Hawaiian will post 5.75 EPS for the current year.
Large investors have recently bought and sold shares of the company. Stevens Capital Management LP bought a new stake in Hawaiian in the 2nd quarter worth about $244,000. Fox Run Management L.L.C. bought a new stake in Hawaiian in the 3rd quarter worth about $290,000. Sei Investments Co. grew its position in Hawaiian by 206.6% in the 1st quarter. Sei Investments Co. now owns 8,379 shares of the transportation company’s stock worth $324,000 after purchasing an additional 5,646 shares in the last quarter. Neuburgh Advisers LLC grew its position in Hawaiian by 18.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 9,112 shares of the transportation company’s stock worth $328,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Hawaiian in the 2nd quarter worth about $330,000. 84.83% of the stock is owned by institutional investors.
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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