Hawaiian (NASDAQ:HA) Raised to Hold at BidaskClub

Hawaiian (NASDAQ:HA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, December 27th.

HA has been the subject of several other research reports. ValuEngine downgraded Hawaiian from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research downgraded Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, November 16th. Bank of America reiterated an “underperform” rating and issued a $38.00 price objective (down previously from $43.00) on shares of Hawaiian in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price objective on shares of Hawaiian in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.58.

Hawaiian (NASDAQ HA) opened at $38.75 on Wednesday. Hawaiian has a fifty-two week low of $32.40 and a fifty-two week high of $59.45. The company has a market capitalization of $2,030.00, a PE ratio of 10.76, a PEG ratio of 3.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90.

Hawaiian (NASDAQ:HA) last announced its earnings results on Thursday, October 19th. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The firm had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same quarter in the prior year, the company earned $1.91 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts expect that Hawaiian will post 5.64 earnings per share for the current year.

Hawaiian announced that its board has authorized a share buyback plan on Tuesday, December 5th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HA. Financial Consulate Inc. boosted its position in shares of Hawaiian by 33.3% in the 3rd quarter. Financial Consulate Inc. now owns 55,023 shares of the transportation company’s stock worth $2,066,000 after purchasing an additional 13,756 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of Hawaiian by 664.0% in the 3rd quarter. Shell Asset Management Co. now owns 257,698 shares of the transportation company’s stock worth $3,466,000 after purchasing an additional 223,969 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of Hawaiian by 9.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 51,030 shares of the transportation company’s stock worth $1,916,000 after purchasing an additional 4,275 shares during the last quarter. Hollow Brook Wealth Management LLC bought a new position in shares of Hawaiian in the 3rd quarter worth $1,376,000. Finally, State Street Corp boosted its position in shares of Hawaiian by 1.7% in the 2nd quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock worth $64,737,000 after purchasing an additional 23,076 shares during the last quarter. 93.72% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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