Hawaiian Holdings Inc. (HA) Price Target Raised to $55.00 at Deutsche Bank AG
Hawaiian Holdings Inc. (NASDAQ:HA) had its price target boosted by analysts at Deutsche Bank AG from $50.00 to $55.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price points to a potential upside of 14.30% from the company’s current price.
A number of other equities research analysts have also recently commented on HA. Credit Suisse Group AG set a $44.00 price objective on shares of Hawaiian Holdings and gave the stock a “hold” rating in a research note on Monday, September 12th. Imperial Capital assumed coverage on shares of Hawaiian Holdings in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $58.00 price target on the stock. Morgan Stanley reissued a “sell” rating and issued a $43.00 price target on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Argus raised shares of Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 26th. Finally, Bank of America Corp. reissued a “hold” rating and issued a $47.00 price target on shares of Hawaiian Holdings in a research note on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $49.56.
Hawaiian Holdings (NASDAQ:HA) traded up 0.25% during mid-day trading on Wednesday, hitting $48.24. 109,816 shares of the stock traded hands. The company’s 50 day moving average is $47.67 and its 200 day moving average is $44.25. The company has a market cap of $2.58 billion, a P/E ratio of 11.42 and a beta of 1.30. Hawaiian Holdings has a 12 month low of $27.56 and a 12 month high of $51.53.
Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. The company earned $594.60 million during the quarter, compared to analyst estimates of $589.04 million. On average, analysts expect that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.
In other Hawaiian Holdings news, CAO Ronald Anderson-Lehman sold 26,582 shares of Hawaiian Holdings stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $45.97, for a total value of $1,221,974.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark B. Dunkerley sold 8,000 shares of Hawaiian Holdings stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $50.26, for a total value of $402,080.00. Following the completion of the transaction, the chief executive officer now directly owns 567,644 shares of the company’s stock, valued at $28,529,787.44. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in HA. Advisory Services Network LLC purchased a new position in Hawaiian Holdings during the third quarter valued at $227,000. Eqis Capital Management Inc. purchased a new position in Hawaiian Holdings during the third quarter valued at $324,000. Mason Street Advisors LLC purchased a new position in Hawaiian Holdings during the second quarter valued at $354,000. Royal Bank of Canada increased its position in Hawaiian Holdings by 492.3% in the second quarter. Royal Bank of Canada now owns 21,738 shares of the company’s stock valued at $824,000 after buying an additional 18,068 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Hawaiian Holdings by 21.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 424,078 shares of the company’s stock valued at $16,099,000 after buying an additional 74,975 shares in the last quarter. 88.19% of the stock is owned by institutional investors.
Hawaiian Holdings Company Profile
Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.
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