Argus Reiterates “Hold” Rating for Hawaiian (HA)

Hawaiian (NASDAQ:HA)‘s stock had its “hold” rating reaffirmed by research analysts at Argus in a research report issued on Thursday. They presently have a $61.00 price objective on the transportation company’s stock. Argus’ price objective points to a potential upside of 57.42% from the stock’s current price.

A number of other brokerages have also weighed in on HA. Buckingham Research lowered shares of Hawaiian from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a report on Tuesday, September 26th. ValuEngine upgraded shares of Hawaiian from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Hawaiian from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Zacks Investment Research lowered shares of Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Bank of America restated an “underperform” rating and issued a $38.00 price objective (down from $43.00) on shares of Hawaiian in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Hawaiian has a consensus rating of “Hold” and an average target price of $47.58.

Shares of Hawaiian (NASDAQ:HA) remained flat at $$38.75 on Thursday. The company had a trading volume of 786,304 shares, compared to its average volume of 1,086,233. 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 has a one year low of $32.40 and a one year high of $59.45. The stock has a market capitalization of $2,030.00, a P/E ratio of 10.76, a PEG ratio of 3.78 and a beta of 1.52.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $721.00 million. During the same period in the previous year, the firm posted $1.91 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts forecast that Hawaiian will post 5.65 earnings per share for the current fiscal year.

Hawaiian declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in HA. Schwab Charles Investment Management Inc. raised its stake in Hawaiian by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 280,705 shares of the transportation company’s stock valued at $13,180,000 after buying an additional 12,136 shares during the last quarter. SG Americas Securities LLC raised its stake in Hawaiian by 49.6% during the 2nd quarter. SG Americas Securities LLC now owns 5,177 shares of the transportation company’s stock valued at $243,000 after buying an additional 1,716 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Hawaiian by 5.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 213,452 shares of the transportation company’s stock valued at $10,022,000 after buying an additional 11,730 shares during the last quarter. AXA purchased a new stake in Hawaiian during the 2nd quarter valued at $1,620,000. Finally, Martingale Asset Management L P raised its stake in Hawaiian by 6.6% during the 2nd quarter. Martingale Asset Management L P now owns 118,420 shares of the transportation company’s stock valued at $5,560,000 after buying an additional 7,300 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

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About Hawaiian

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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