Hawaiian (HA) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Hawaiian (NASDAQ:HA) from a sell rating to a hold rating in a report published on Friday morning, BidAskClub reports.

HA has been the topic of a number of other reports. Macquarie raised shares of Hawaiian from a neutral rating to an outperform rating and increased their price objective for the company from $29.00 to $35.00 in a research report on Thursday, April 11th. Zacks Investment Research raised shares of Hawaiian from a strong sell rating to a hold rating in a research report on Wednesday, April 10th. Imperial Capital reissued an outperform rating and issued a $38.00 price objective (up from $36.00) on shares of Hawaiian in a research report on Wednesday, April 10th. Buckingham Research dropped their price objective on shares of Hawaiian from $33.00 to $28.00 and set a neutral rating on the stock in a research report on Friday, March 8th. Finally, Deutsche Bank downgraded shares of Hawaiian from a hold rating to a sell rating and dropped their price objective for the company from $33.00 to $27.00 in a research report on Monday, March 4th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $34.60.

Shares of HA opened at $29.69 on Friday. Hawaiian has a fifty-two week low of $24.24 and a fifty-two week high of $44.25. The company has a market cap of $1.46 billion, a P/E ratio of 5.46 and a beta of 1.80. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.64.

Hawaiian (NASDAQ:HA) last announced its earnings results on Tuesday, January 29th. The transportation company reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. Hawaiian had a net margin of 8.22% and a return on equity of 29.82%. The firm had revenue of $697.50 million for the quarter, compared to the consensus estimate of $700.19 million. During the same period in the prior year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Hawaiian will post 3.96 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new position in Hawaiian during the 1st quarter worth $37,000. Westside Investment Management Inc. increased its holdings in shares of Hawaiian by 316.7% in the 4th quarter. Westside Investment Management Inc. now owns 2,500 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 1,900 shares in the last quarter. First Hawaiian Bank increased its holdings in shares of Hawaiian by 51.8% in the 1st quarter. First Hawaiian Bank now owns 3,810 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 1,300 shares in the last quarter. Bell Rock Capital LLC increased its holdings in shares of Hawaiian by 26.3% in the 4th quarter. Bell Rock Capital LLC now owns 3,824 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 797 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Hawaiian in the 4th quarter valued at about $143,000. Hedge funds and other institutional investors own 90.40% of the company’s stock.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, 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 Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

Further Reading: Cost of Capital Explained

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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