Hawaiian (HA) Price Target Raised to $43.00

Hawaiian (NASDAQ:HA) had its price target hoisted by Citigroup from $41.00 to $43.00 in a research note published on Thursday. They currently have a neutral rating on the transportation company’s stock.

A number of other analysts also recently issued reports on HA. ValuEngine raised shares of Hawaiian from a strong sell rating to a sell rating in a report on Friday, August 10th. Buckingham Research lifted their price objective on shares of Hawaiian from $35.00 to $39.00 and gave the stock a hold rating in a report on Friday, September 7th. BidaskClub downgraded shares of Hawaiian from a hold rating to a sell rating in a report on Saturday, September 8th. Imperial Capital reaffirmed an outperform rating and set a $77.00 price objective (up from $74.00) on shares of Hawaiian in a report on Thursday, September 27th. Finally, Morgan Stanley set a $37.00 price objective on shares of Hawaiian and gave the stock a sell rating in a report on Friday, October 5th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Hawaiian currently has an average rating of Hold and a consensus target price of $43.67.

NASDAQ HA opened at $40.14 on Thursday. Hawaiian has a 52-week low of $31.46 and a 52-week high of $44.25. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.98 billion, a PE ratio of 7.25 and a beta of 1.40.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.17. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The company had revenue of $759.10 million during the quarter, compared to the consensus estimate of $762.00 million. During the same period in the previous year, the firm posted $1.92 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that Hawaiian will post 5.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, November 15th. Hawaiian’s dividend payout ratio is presently 8.51%.

Institutional investors have recently bought and sold shares of the business. Bell Rock Capital LLC bought a new stake in Hawaiian in the third quarter worth $122,000. First Hawaiian Bank bought a new stake in Hawaiian in the third quarter worth $146,000. Cadinha & Co. LLC bought a new stake in Hawaiian in the third quarter worth $200,000. Verition Fund Management LLC bought a new stake in Hawaiian in the third quarter worth $233,000. Finally, Stevens Capital Management LP bought a new stake in Hawaiian in the second quarter worth $244,000. 86.61% of the stock is owned by institutional investors and hedge funds.

About Hawaiian

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.

Further Reading: Derivative

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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