Hawaiian Holdings, Inc. (NASDAQ:HA) Receives $21.57 Average PT from Brokerages

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have been assigned an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.57.

HA has been the topic of a number of research analyst reports. TheStreet upgraded Hawaiian from a “d+” rating to a “c-” rating in a research report on Monday, March 22nd. Evercore ISI raised Hawaiian to an “underperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, March 1st. Susquehanna Bancshares boosted their price target on Hawaiian from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, January 14th. Finally, Wolfe Research raised Hawaiian from a “peer perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Tuesday, May 4th.

HA opened at $23.66 on Tuesday. The business’s fifty day moving average is $25.49 and its two-hundred day moving average is $22.03. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -3.63 and a beta of 2.36. Hawaiian has a one year low of $10.31 and a one year high of $29.86.

Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, April 27th. The transportation company reported ($3.85) EPS for the quarter, missing the Zacks’ consensus estimate of ($3.71) by ($0.14). The firm had revenue of $182.20 million for the quarter, compared to analysts’ expectations of $198.20 million. Hawaiian had a negative return on equity of 37.81% and a negative net margin of 21.28%. The firm’s revenue for the quarter was down 67.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.74) earnings per share. On average, analysts predict that Hawaiian will post -11.59 EPS for the current fiscal year.

In other Hawaiian news, VP Aaron J. Alter sold 2,500 shares of the company’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $24.88, for a total transaction of $62,200.00. Following the completion of the sale, the vice president now directly owns 69,343 shares in the company, valued at $1,725,253.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HA. FMR LLC boosted its position in shares of Hawaiian by 7.7% in the first quarter. FMR LLC now owns 97,486 shares of the transportation company’s stock worth $2,559,000 after buying an additional 6,976 shares during the period. First Trust Advisors LP boosted its holdings in Hawaiian by 22.5% in the first quarter. First Trust Advisors LP now owns 82,567 shares of the transportation company’s stock valued at $2,167,000 after purchasing an additional 15,162 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Hawaiian in the first quarter valued at about $81,000. Investment House LLC purchased a new position in Hawaiian in the fourth quarter valued at about $769,000. Finally, Clark Capital Management Group Inc. purchased a new position in Hawaiian in the fourth quarter valued at about $1,584,000. 78.72% of the stock is owned by institutional investors.

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; Portland, Oregon; and Seattle, Washington.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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