Hawaiian Holdings, Inc. (NASDAQ:HA) had its target price trimmed by Cowen and Company from $50.00 to $47.00 in a research note issued to investors on Wednesday, July 26th, MarketBeat.com reports. The firm currently has a market perform rating on the transportation company’s stock.
Several other research analysts also recently weighed in on the company. Stifel Nicolaus downgraded Hawaiian Holdings from a hold rating to a sell rating and lowered their target price for the company from $60.00 to $40.00 in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Hawaiian Holdings from a hold rating to a buy rating and set a $54.00 price target on the stock in a research note on Tuesday, March 28th. Morgan Stanley restated an underweight rating and issued a $40.00 price target (down from $52.00) on shares of Hawaiian Holdings in a research note on Thursday, June 22nd. Citigroup Inc. lifted their price target on Hawaiian Holdings from $59.00 to $62.00 and gave the company a neutral rating in a research note on Friday, June 9th. Finally, Imperial Capital lifted their price target on Hawaiian Holdings from $68.00 to $71.00 and gave the company an outperform rating in a research note on Friday, April 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Hawaiian Holdings has an average rating of Hold and an average price target of $52.25.
Shares of Hawaiian Holdings (NASDAQ HA) traded up 1.68% on Wednesday, reaching $42.25. The company’s stock had a trading volume of 428,527 shares. Hawaiian Holdings has a 1-year low of $39.45 and a 1-year high of $60.90. The stock has a 50-day moving average price of $46.25 and a 200-day moving average price of $49.78. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.28 and a beta of 1.38.
Hawaiian Holdings (NASDAQ:HA) last announced its earnings results on Tuesday, July 25th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Hawaiian Holdings had a return on equity of 44.12% and a net margin of 8.88%. The company had revenue of $675.33 million for the quarter, compared to the consensus estimate of $676.59 million. During the same period last year, the business posted $1.21 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts forecast that Hawaiian Holdings will post $5.76 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/05/hawaiian-holdings-inc-nasdaqha-price-target-lowered-to-47-00-at-cowen-and-company-updated.html.
Hawaiian Holdings declared that its board has authorized a share buyback program on Thursday, April 20th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Mark B. Dunkerley sold 19,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $56.91, for a total value of $1,081,290.00. Following the completion of the transaction, the insider now directly owns 352,942 shares of the company’s stock, valued at $20,085,929.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter R. Ingram sold 2,500 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $48.10, for a total value of $120,250.00. Following the completion of the transaction, the executive vice president now directly owns 199,411 shares of the company’s stock, valued at $9,591,669.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,000 shares of company stock valued at $2,918,460. Insiders own 2.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Boston Advisors LLC raised its position in Hawaiian Holdings by 14.9% in the first quarter. Boston Advisors LLC now owns 91,341 shares of the transportation company’s stock valued at $4,243,000 after buying an additional 11,870 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new position in Hawaiian Holdings during the first quarter valued at approximately $685,000. Telemus Capital LLC raised its position in Hawaiian Holdings by 0.7% in the first quarter. Telemus Capital LLC now owns 37,058 shares of the transportation company’s stock valued at $1,721,000 after buying an additional 244 shares during the last quarter. Affinity Wealth Management raised its position in Hawaiian Holdings by 2.4% in the first quarter. Affinity Wealth Management now owns 6,918 shares of the transportation company’s stock valued at $321,000 after buying an additional 161 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Hawaiian Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the transportation company’s stock valued at $1,013,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.
Hawaiian Holdings 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.
Receive News & Ratings for Hawaiian Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
