Hawaiian Holdings, Inc. (HA) Receives $51.78 Average Target Price from Analysts

Hawaiian Holdings, Inc. (HA) Receives $51.78 Average Target Price from Analysts

Shares of Hawaiian Holdings, Inc. (NASDAQ:HA) have received an average rating of “Hold” from the twelve ratings firms that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $51.78.

A number of analysts have commented on HA shares. Zacks Investment Research cut shares of Hawaiian Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday. Imperial Capital reduced their target price on shares of Hawaiian Holdings from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Sidoti upped their target price on shares of Hawaiian Holdings from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, January 20th. They noted that the move was a valuation call. Bank of America Corporation cut shares of Hawaiian Holdings from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 10th. Finally, Deutsche Bank AG upped their price target on shares of Hawaiian Holdings from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, December 6th.

Shares of Hawaiian Holdings (NASDAQ:HA) opened at 51.50 on Friday. The stock has a market capitalization of $2.75 billion, a PE ratio of 11.39 and a beta of 1.22. The firm has a 50-day moving average of $56.58 and a 200 day moving average of $49.49. Hawaiian Holdings has a 1-year low of $30.65 and a 1-year high of $60.90.

Hawaiian Holdings (NASDAQ:HA) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.28 earnings per share for the quarter, meeting the consensus estimate of $1.28. Hawaiian Holdings had a net margin of 10.28% and a return on equity of 48.91%. The firm earned $632.97 million during the quarter, compared to analysts’ expectations of $625.47 million. During the same period in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that Hawaiian Holdings will post $4.89 EPS for the current year.

In related news, Director Randall Jenson sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $60.24, for a total transaction of $602,400.00. Following the sale, the director now owns 45,466 shares of the company’s stock, valued at $2,738,871.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark B. Dunkerley sold 30,000 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $56.05, for a total transaction of $1,681,500.00. Following the sale, the insider now directly owns 481,828 shares in the company, valued at approximately $27,006,459.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,000 shares of company stock worth $4,829,050. 3.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in HA. Alps Advisors Inc. increased its stake in shares of Hawaiian Holdings by 0.4% in the third quarter. Alps Advisors Inc. now owns 8,786 shares of the company’s stock valued at $427,000 after buying an additional 32 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Hawaiian Holdings by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock valued at $801,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Hawaiian Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,590 shares of the company’s stock valued at $515,000 after buying an additional 180 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Hawaiian Holdings by 5.7% in the third quarter. NEXT Financial Group Inc now owns 3,700 shares of the company’s stock valued at $180,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Hawaiian Holdings by 1.6% in the second quarter. Arizona State Retirement System now owns 24,797 shares of the company’s stock valued at $941,000 after buying an additional 400 shares in the last quarter. 86.02% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Holdings Company Profile

Hawaiian Holdings, Inc is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc (Hawaiian) is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation 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 the Company’s Scheduled Operations.

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