Hawaiian Holdings Inc. (HA) Upgraded by Zacks Investment Research to “Buy”
Hawaiian Holdings Inc. (NASDAQ:HA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $58.00 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 11.19% from the stock’s current price.
According to Zacks, “Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti. “
A number of other analysts also recently issued reports on HA. Morgan Stanley reissued a “sell” rating and set a $43.00 price objective on shares of Hawaiian Holdings in a research report on Sunday, August 21st. Imperial Capital started coverage on Hawaiian Holdings in a research report on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price objective for the company. Credit Suisse Group AG set a $44.00 price objective on Hawaiian Holdings and gave the stock a “hold” rating in a research report on Monday, September 12th. Deutsche Bank AG raised their price objective on Hawaiian Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Finally, Citigroup Inc. began coverage on Hawaiian Holdings in a research report on Friday, November 18th. They issued a “neutral” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Hawaiian Holdings presently has an average rating of “Hold” and an average target price of $50.64.
Shares of Hawaiian Holdings (NASDAQ:HA) traded down 0.95% during midday trading on Monday, reaching $51.95. Hawaiian Holdings has a 52-week low of $28.40 and a 52-week high of $53.35. The firm has a 50-day moving average price of $47.86 and a 200 day moving average price of $44.70. The firm has a market capitalization of $2.78 billion, a PE ratio of 10.47 and a beta of 1.16.
Hawaiian Holdings (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. The firm earned $671.83 million during the quarter, compared to the consensus estimate of $669.22 million. Hawaiian Holdings had a return on equity of 48.03% and a net margin of 11.72%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. On average, equities analysts expect that Hawaiian Holdings will post $5.11 EPS for the current year.
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In related news, Director Richard N. Zwern sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $46.81, for a total transaction of $819,175.00. Following the completion of the sale, the director now owns 32,866 shares in the company, valued at $1,538,457.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark B. Dunkerley sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $50.25, for a total value of $402,000.00. Following the sale, the insider now owns 539,644 shares of the company’s stock, valued at approximately $27,117,111. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
A number of large investors have recently bought and sold shares of HA. Advisor Group Inc. purchased a new stake in shares of Hawaiian Holdings during the second quarter worth $129,000. NEXT Financial Group Inc boosted its stake in shares of Hawaiian Holdings by 5.7% in the third quarter. NEXT Financial Group Inc now owns 3,700 shares of the company’s stock worth $180,000 after buying an additional 200 shares in the last quarter. Societe Generale purchased a new stake in shares of Hawaiian Holdings during the second quarter worth $149,000. SG Americas Securities LLC purchased a new stake in shares of Hawaiian Holdings during the second quarter worth $149,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Hawaiian Holdings during the third quarter worth $203,000. Hedge funds and other institutional investors own 87.80% of the company’s stock.
About Hawaiian Holdings
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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