Hawaiian (NASDAQ:HA)‘s stock had its “hold” rating reiterated by equities research analysts at Argus in a research note issued on Thursday, MarketBeat.com reports. They presently have a $61.00 price target on the transportation company’s stock. Argus’ target price would suggest a potential upside of 57.42% from the company’s previous close.

A number of other brokerages also recently issued reports on HA. ValuEngine raised shares of Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Bank of America reissued an “underperform” rating and set a $38.00 price objective (down previously from $43.00) on shares of Hawaiian in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Buckingham Research boosted their price objective on shares of Hawaiian from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Hawaiian presently has an average rating of “Hold” and an average price target of $47.58.

Shares of Hawaiian (NASDAQ:HA) remained flat at $$38.75 during mid-day trading on Thursday. 786,304 shares of the company’s stock traded hands, compared to its average volume of 1,086,233. Hawaiian has a 1-year low of $32.40 and a 1-year high of $59.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2,030.00, a P/E ratio of 10.76, a P/E/G ratio of 3.78 and a beta of 1.52.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hawaiian had a net margin of 7.67% and a return on equity of 41.49%. The firm had revenue of $719.56 million during the quarter, compared to the consensus estimate of $721.00 million. During the same quarter in the previous year, the firm posted $1.91 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts expect that Hawaiian will post 5.65 earnings per share for the current year.

Hawaiian declared that its Board of Directors has authorized a stock repurchase program on Tuesday, December 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. boosted its holdings in shares of Hawaiian by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,066 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 95 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Hawaiian by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 9,507 shares of the transportation company’s stock valued at $446,000 after buying an additional 102 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Hawaiian by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,713 shares of the transportation company’s stock worth $1,911,000 after purchasing an additional 214 shares during the period. Amalgamated Bank raised its position in Hawaiian by 4.8% in the 2nd quarter. Amalgamated Bank now owns 7,315 shares of the transportation company’s stock worth $343,000 after purchasing an additional 332 shares during the period. Finally, Dana Investment Advisors Inc. raised its position in Hawaiian by 0.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 42,502 shares of the transportation company’s stock worth $1,995,000 after purchasing an additional 380 shares during the period. 93.75% of the stock is owned by institutional investors.

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Hawaiian Company Profile

Hawaiian Holdings, Inc is a holding company. The Company is engaged in the scheduled air transportation of passengers and cargo 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 its Scheduled Operations.

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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