Hawaiian Holdings Inc. (HA) Price Target Raised to $55.00 at Deutsche Bank AG
Hawaiian Holdings Inc. (NASDAQ:HA) had its target price lifted by Deutsche Bank AG from $50.00 to $55.00 in a research note released on Wednesday. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently commented on the stock. Credit Suisse Group AG set a $44.00 price target on shares of Hawaiian Holdings and gave the company a hold rating in a research report on Monday, September 12th. Vetr upgraded shares of Hawaiian Holdings from a buy rating to a strong-buy rating and set a $42.00 price target for the company in a research report on Monday, June 27th. Imperial Capital began coverage on shares of Hawaiian Holdings in a research report on Tuesday, September 6th. They issued an outperform rating and a $58.00 price target for the company. Zacks Investment Research downgraded shares of Hawaiian Holdings from a hold rating to a sell rating in a research report on Wednesday, July 6th. Finally, Morgan Stanley restated a sell rating and issued a $43.00 price target on shares of Hawaiian Holdings in a research report on Sunday, August 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $50.00.
Shares of Hawaiian Holdings (NASDAQ:HA) traded up 1.26% during mid-day trading on Wednesday, reaching $48.96. 220,053 shares of the company were exchanged. Hawaiian Holdings has a 12 month low of $27.67 and a 12 month high of $51.53. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 11.59 and a beta of 1.30. The firm’s 50-day moving average is $47.76 and its 200-day moving average is $44.28.
Hawaiian Holdings (NASDAQ:HA) last issued its earnings results on Thursday, July 21st. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The firm earned $594.60 million during the quarter, compared to analysts’ expectations of $589.04 million. Hawaiian Holdings had a net margin of 10.50% and a return on equity of 50.15%. On average, equities analysts forecast that Hawaiian Holdings will post $4.94 earnings per share for the current fiscal year.
In related news, CAO Ronald Anderson-Lehman sold 26,582 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $45.97, for a total value of $1,221,974.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark B. Dunkerley sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $230,050.00. Following the completion of the transaction, the insider now owns 595,644 shares in the company, valued at $27,405,580.44. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Princeton Alpha Management LP purchased a new position in Hawaiian Holdings during the second quarter worth about $592,000. Emerald Acquisition Ltd. purchased a new position in Hawaiian Holdings during the second quarter worth about $15,873,000. State Street Corp raised its position in Hawaiian Holdings by 2.0% in the first quarter. State Street Corp now owns 1,026,827 shares of the company’s stock worth $48,458,000 after buying an additional 19,954 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Hawaiian Holdings by 72.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 18,400 shares of the company’s stock worth $868,000 after buying an additional 7,730 shares during the last quarter. Finally, UBS Group AG raised its position in Hawaiian Holdings by 56.3% in the first quarter. UBS Group AG now owns 41,497 shares of the company’s stock worth $1,958,000 after buying an additional 14,939 shares during the last quarter. Institutional investors and hedge funds own 88.19% of the company’s stock.
About Hawaiian Holdings
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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