Hawaiian (NASDAQ:HA) Coverage Initiated at Susquehanna Bancshares

Susquehanna Bancshares began coverage on shares of Hawaiian (NASDAQ:HA) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “neutral” rating and a $27.00 price target on the transportation company’s stock. Susquehanna Bancshares’ price target suggests a potential downside of 12.96% from the company’s previous close.

HA has been the topic of several other reports. Stifel Nicolaus cut shares of Hawaiian from a “buy” rating to a “sell” rating and cut their price target for the company from $30.00 to $20.00 in a report on Tuesday, August 20th. Morgan Stanley increased their target price on shares of Hawaiian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. BidaskClub raised shares of Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, November 1st. ValuEngine cut shares of Hawaiian from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Zacks Investment Research raised shares of Hawaiian from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, October 11th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.64.

Shares of NASDAQ HA traded up $0.58 during trading on Tuesday, reaching $31.02. 637,275 shares of the stock were exchanged, compared to its average volume of 741,394. The business’s 50-day moving average price is $28.36 and its 200 day moving average price is $26.82. Hawaiian has a twelve month low of $22.84 and a twelve month high of $40.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.70 and a beta of 1.71.

Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.36. Hawaiian had a net margin of 7.30% and a return on equity of 22.23%. The business had revenue of $755.15 million for the quarter, compared to analysts’ expectations of $755.85 million. During the same period in the previous year, the company posted $1.91 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Hawaiian will post 4.57 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in shares of Hawaiian by 5.7% in the second quarter. Janus Henderson Group PLC now owns 9,272 shares of the transportation company’s stock worth $254,000 after purchasing an additional 497 shares in the last quarter. Bank of Montreal Can increased its holdings in Hawaiian by 0.5% in the second quarter. Bank of Montreal Can now owns 104,979 shares of the transportation company’s stock worth $2,881,000 after buying an additional 564 shares during the last quarter. Roman Butler Fullerton & Co. increased its holdings in Hawaiian by 5.5% in the third quarter. Roman Butler Fullerton & Co. now owns 12,449 shares of the transportation company’s stock worth $327,000 after buying an additional 650 shares during the last quarter. Brinker Capital Inc. increased its holdings in Hawaiian by 11.9% in the third quarter. Brinker Capital Inc. now owns 9,257 shares of the transportation company’s stock worth $243,000 after buying an additional 986 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in Hawaiian by 3.0% in the second quarter. TD Asset Management Inc. now owns 38,300 shares of the transportation company’s stock worth $1,051,000 after buying an additional 1,100 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

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; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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