Hawaiian (NASDAQ:HA) Given New $25.00 Price Target at Bank of America

Hawaiian (NASDAQ:HA) had its price target hoisted by Bank of America from $23.00 to $25.00 in a research note released on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an underperform rating on the transportation company’s stock.

HA has been the topic of several other reports. Buckingham Research lowered their target price on shares of Hawaiian from $33.00 to $29.00 and set a neutral rating on the stock in a research note on Wednesday, July 31st. BidaskClub lowered shares of Hawaiian from a buy rating to a hold rating in a research note on Saturday, September 21st. Deutsche Bank set a $24.00 target price on shares of Hawaiian and gave the stock a sell rating in a research note on Wednesday, July 31st. Citigroup set a $30.00 target price on shares of Hawaiian and gave the stock a hold rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus lowered shares of Hawaiian from a buy rating to a sell rating and lowered their target price for the stock from $30.00 to $20.00 in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Hawaiian has an average rating of Hold and an average target price of $27.64.

NASDAQ:HA opened at $27.52 on Tuesday. Hawaiian has a one year low of $22.84 and a one year high of $40.30. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 5.72 and a beta of 1.76. The firm’s fifty day moving average is $25.81 and its two-hundred day moving average is $26.64.

Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.19. Hawaiian had a net margin of 7.76% and a return on equity of 24.26%. The business had revenue of $712.19 million for the quarter, compared to analyst estimates of $704.74 million. During the same period in the prior year, the company posted $1.44 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts predict that Hawaiian will post 4.14 earnings per share for the current fiscal year.

In related news, Director William S. Swelbar sold 1,203 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $25.30, for a total transaction of $30,435.90. Following the completion of the transaction, the director now owns 19,563 shares in the company, valued at approximately $494,943.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HA. Geode Capital Management LLC raised its position in shares of Hawaiian by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 555,616 shares of the transportation company’s stock worth $14,673,000 after purchasing an additional 23,805 shares during the last quarter. Advisor Group Inc. raised its holdings in Hawaiian by 112.6% in the 1st quarter. Advisor Group Inc. now owns 40,620 shares of the transportation company’s stock valued at $1,067,000 after acquiring an additional 21,518 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Hawaiian by 48.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 14,400 shares of the transportation company’s stock valued at $595,000 after acquiring an additional 4,700 shares during the last quarter. Primecap Management Co. CA raised its holdings in Hawaiian by 3.5% in the 1st quarter. Primecap Management Co. CA now owns 951,367 shares of the transportation company’s stock valued at $24,973,000 after acquiring an additional 32,167 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Hawaiian by 0.9% in the 1st quarter. Nordea Investment Management AB now owns 128,390 shares of the transportation company’s stock valued at $3,371,000 after acquiring an additional 1,096 shares during the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.

Hawaiian Company Profile

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.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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