Hawaiian (HA) Stock Rating Lowered by Wolfe Research

Hawaiian (NASDAQ:HA) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a report released on Friday, The Fly reports.

Several other analysts have also recently issued reports on the company. Cowen cut their price objective on Hawaiian from $41.00 to $39.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 9th. Buckingham Research upped their price objective on Hawaiian from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 7th. Deutsche Bank cut their price objective on Hawaiian from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, Macquarie set a $45.00 price objective on Hawaiian and gave the company a “buy” rating in a research note on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Hawaiian has an average rating of “Hold” and an average target price of $43.42.

HA traded down $2.63 on Friday, reaching $30.53. The company’s stock had a trading volume of 1,869,045 shares, compared to its average volume of 533,346. The company has a market capitalization of $1.64 billion, a P/E ratio of 5.41 and a beta of 1.40. Hawaiian has a 1 year low of $29.95 and a 1 year high of $44.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 0.82.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.17. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The firm had revenue of $759.10 million during the quarter, compared to the consensus estimate of $762.00 million. During the same quarter in the prior year, the business posted $1.92 earnings per share. Hawaiian’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Hawaiian will post 5.57 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Bell Rock Capital LLC acquired a new stake in shares of Hawaiian during the 3rd quarter worth approximately $122,000. First Hawaiian Bank acquired a new stake in Hawaiian in the 3rd quarter valued at approximately $146,000. Cadinha & Co. LLC acquired a new stake in Hawaiian in the 3rd quarter valued at approximately $200,000. Verition Fund Management LLC acquired a new stake in Hawaiian in the 3rd quarter valued at approximately $233,000. Finally, Stevens Capital Management LP acquired a new stake in Hawaiian in the 2nd quarter valued at approximately $244,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hawaiian Company Profile

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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The Fly

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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