Hawaiian (NASDAQ:HA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, December 27th.
Several other research firms have also recently commented on HA. Cowen restated a “hold” rating and issued a $47.00 target price on shares of Hawaiian in a research note on Friday, September 1st. ValuEngine cut shares of Hawaiian from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Bank of America restated an “underperform” rating and issued a $38.00 target price (down previously from $43.00) on shares of Hawaiian in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Buckingham Research raised their target price on shares of Hawaiian from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.58.
Hawaiian (HA) opened at $38.75 on Wednesday. Hawaiian has a 52-week low of $32.40 and a 52-week high of $59.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2,030.00, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 3.93 and a beta of 1.52.
Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.07. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The company had revenue of $719.56 million for the quarter, compared to the consensus estimate of $721.00 million. During the same period last year, the firm posted $1.91 EPS. Hawaiian’s revenue for the quarter was up 7.1% on a year-over-year basis. equities analysts anticipate that Hawaiian will post 5.64 earnings per share for the current fiscal year.
Hawaiian announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Hawaiian by 7.5% in the second quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after purchasing an additional 506,330 shares during the period. Vanguard Group Inc. lifted its stake in shares of Hawaiian by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock valued at $305,306,000 after purchasing an additional 96,996 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Hawaiian by 5.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock valued at $69,371,000 after purchasing an additional 98,308 shares during the period. State Street Corp lifted its stake in shares of Hawaiian by 1.7% in the second quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock valued at $64,737,000 after purchasing an additional 23,076 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Hawaiian by 370.3% in the third quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock valued at $36,864,000 after purchasing an additional 772,990 shares during the period. Hedge funds and other institutional investors own 93.72% of the company’s stock.
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.
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