Hawaiian (NASDAQ:HA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other research analysts have also recently commented on the company. ValuEngine cut Hawaiian from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Citigroup lowered their price target on Hawaiian from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Buckingham Research raised Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday, November 16th. Macquarie initiated coverage on Hawaiian in a report on Monday, September 25th. They set an “outperform” rating and a $49.00 price objective on the stock. Finally, Imperial Capital upped their price objective on Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.36.

Hawaiian (HA) traded down $0.55 during mid-day trading on Wednesday, hitting $40.65. The stock had a trading volume of 655,240 shares, compared to its average volume of 1,034,490. Hawaiian has a 12-month low of $32.40 and a 12-month high of $60.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2,160.00, a PE ratio of 11.29, a P/E/G ratio of 3.21 and a beta of 1.51.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.07. Hawaiian had a return on equity of 41.49% and a net margin of 7.67%. The company had revenue of $719.56 million for the quarter, compared to analysts’ expectations of $721.00 million. During the same period in the previous year, the firm earned $1.91 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. equities analysts forecast that Hawaiian will post 5.64 earnings per share for the current year.

Hawaiian announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Peter R. Ingram sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $40.65, for a total transaction of $40,650.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Hawaiian by 7.5% in the 2nd quarter. BlackRock Inc. now owns 7,247,487 shares of the transportation company’s stock valued at $340,268,000 after acquiring an additional 506,330 shares during the last quarter. Vanguard Group Inc. grew its position in Hawaiian by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,502,776 shares of the transportation company’s stock valued at $305,306,000 after acquiring an additional 96,996 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hawaiian by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock valued at $69,371,000 after acquiring an additional 98,308 shares during the last quarter. State Street Corp grew its position in Hawaiian by 1.7% in the 2nd quarter. State Street Corp now owns 1,378,942 shares of the transportation company’s stock valued at $64,737,000 after acquiring an additional 23,076 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Hawaiian by 370.3% in the 3rd quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock valued at $36,864,000 after acquiring an additional 772,990 shares during the last quarter. 93.72% of the stock is currently owned by hedge funds and other institutional investors.

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Hawaiian Company Profile

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.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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