Hawaiian (NASDAQ:HA) had its price objective boosted by Stifel Nicolaus from $19.00 to $27.00 in a research report issued on Monday, The Fly reports. The brokerage currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price objective points to a potential upside of 0.41% from the company's previous close.
HA has been the subject of several other research reports. Susquehanna Bancshares upped their price objective on shares of Hawaiian from $13.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, January 14th. Wolfe Research raised shares of Hawaiian from an "underperform" rating to a "peer perform" rating in a research note on Thursday, March 11th. Deutsche Bank Aktiengesellschaft raised shares of Hawaiian from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research note on Monday, March 1st. The Goldman Sachs Group increased their price target on shares of Hawaiian from $7.00 to $14.00 and gave the company a "sell" rating in a research note on Tuesday, March 16th. Finally, Cowen cut shares of Hawaiian from a "market perform" rating to an "underperform" rating and set a $15.00 price target for the company. in a research note on Monday, January 11th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of "Hold" and a consensus target price of $17.25.
NASDAQ HA traded down $1.15 during trading hours on Monday, hitting $26.89. 1,320,336 shares of the company's stock traded hands, compared to its average volume of 1,062,861. Hawaiian has a 52-week low of $8.02 and a 52-week high of $29.86. The company has a market capitalization of $1.30 billion, a PE ratio of -4.13 and a beta of 2.36. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.21 and a quick ratio of 1.21. The firm's 50-day moving average is $24.69 and its 200-day moving average is $18.74.
Hawaiian (NASDAQ:HA) last announced its quarterly earnings data on Monday, January 25th. The transportation company reported ($3.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.49) by ($0.22). Hawaiian had a negative net margin of 21.28% and a negative return on equity of 37.81%. The business had revenue of $149.68 million for the quarter, compared to analysts' expectations of $150.13 million. During the same period in the prior year, the company posted $0.99 EPS. The firm's revenue was down 78.9% on a year-over-year basis. Equities research analysts predict that Hawaiian will post -11.59 earnings per share for the current fiscal year.
In other Hawaiian news, SVP Theodoros Panagiotoulias sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $22.32, for a total transaction of $66,960.00. Following the sale, the senior vice president now directly owns 38,432 shares in the company, valued at approximately $857,802.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HA. Norges Bank purchased a new position in Hawaiian during the 4th quarter worth $3,117,000. Twin Lakes Capital Management LLC purchased a new stake in shares of Hawaiian in the fourth quarter valued at about $545,000. Hsbc Holdings PLC boosted its holdings in shares of Hawaiian by 65.2% in the fourth quarter. Hsbc Holdings PLC now owns 19,685 shares of the transportation company's stock valued at $352,000 after acquiring an additional 7,770 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hawaiian by 59.4% in the fourth quarter. JPMorgan Chase & Co. now owns 409,521 shares of the transportation company's stock valued at $7,249,000 after purchasing an additional 152,576 shares during the period. Finally, SummerHaven Investment Management LLC acquired a new stake in shares of Hawaiian in the fourth quarter valued at about $533,000. Institutional investors and hedge funds own 78.72% of the company's stock.
Hawaiian Company Profile
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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