Hawaiian (HA) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Hawaiian (NASDAQ:HA) from a sell rating to a hold rating in a report issued on Wednesday morning.

Several other research firms have also commented on HA. Macquarie set a $43.00 target price on shares of Hawaiian and gave the company a buy rating in a research note on Monday, October 8th. Morgan Stanley set a $37.00 target price on shares of Hawaiian and gave the company a sell rating in a research note on Friday, October 5th. Stifel Nicolaus cut their target price on shares of Hawaiian from $50.00 to $45.00 and set a hold rating for the company in a research note on Wednesday, July 25th. Deutsche Bank reissued a hold rating on shares of Hawaiian in a research note on Thursday, July 26th. Finally, ValuEngine upgraded shares of Hawaiian from a strong sell rating to a sell rating in a report on Friday, August 10th. Four investment 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 company has a consensus rating of Hold and an average price target of $43.75.

Shares of NASDAQ:HA opened at $37.59 on Wednesday. The company has a market capitalization of $1.84 billion, a PE ratio of 6.73 and a beta of 1.40. Hawaiian has a twelve month low of $31.46 and a twelve month high of $44.25. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.62.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.17. The company had revenue of $759.10 million during the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. Equities analysts forecast that Hawaiian will post 5.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.28%. Hawaiian’s dividend payout ratio is currently 8.51%.

Hedge funds have recently added to or reduced their stakes in the company. Bell Rock Capital LLC acquired a new position in Hawaiian in the 3rd quarter valued at approximately $122,000. First Hawaiian Bank acquired a new position in Hawaiian in the 3rd quarter valued at approximately $146,000. Cadinha & Co. LLC acquired a new position in Hawaiian in the 3rd quarter valued at approximately $200,000. Verition Fund Management LLC acquired a new position in Hawaiian in the 3rd quarter valued at approximately $233,000. Finally, Stevens Capital Management LP acquired a new position in Hawaiian in the 2nd quarter valued at approximately $244,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

About Hawaiian

Hawaiian Holdings, Inc, through its subsidiary, 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 Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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