Macquarie set a $45.00 target price on Hawaiian (NASDAQ:HA) in a research report released on Wednesday morning. The brokerage currently has a buy rating on the transportation company’s stock.

Several other analysts have also issued reports on the company. Imperial Capital reduced their target price on Hawaiian to $57.00 and set an outperform rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Buckingham Research reduced their target price on Hawaiian from $39.00 to $38.00 and set a neutral rating on the stock in a report on Wednesday, October 10th. Deutsche Bank reduced their target price on Hawaiian from $45.00 to $41.00 and set a buy rating on the stock in a report on Wednesday, October 10th. Cowen reduced their target price on Hawaiian from $41.00 to $39.00 and set a market perform rating on the stock in a report on Tuesday, October 9th. Finally, BidaskClub lowered Hawaiian from a hold rating to a sell rating in a report on Tuesday, October 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $45.36.

NASDAQ HA traded down $0.80 on Wednesday, reaching $32.85. The stock had a trading volume of 953,805 shares, compared to its average volume of 797,658. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.75. Hawaiian has a 1-year low of $31.46 and a 1-year high of $44.25. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 5.82 and a beta of 1.31.

Hawaiian (NASDAQ:HA) last released its earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.17. The company had revenue of $759.10 million for the quarter, compared to analyst estimates of $762.00 million. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. Hawaiian’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. On average, equities analysts anticipate that Hawaiian will post 5.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. Hawaiian’s dividend payout ratio is currently 8.51%.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Hawaiian by 1.5% in the second quarter. BlackRock Inc. now owns 7,086,683 shares of the transportation company’s stock valued at $254,765,000 after purchasing an additional 104,822 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hawaiian by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,672,215 shares of the transportation company’s stock valued at $96,067,000 after purchasing an additional 307,641 shares during the last quarter. Principal Financial Group Inc. raised its position in Hawaiian by 47.4% in the first quarter. Principal Financial Group Inc. now owns 2,054,140 shares of the transportation company’s stock valued at $79,496,000 after purchasing an additional 660,512 shares during the last quarter. LSV Asset Management raised its position in Hawaiian by 8.9% in the second quarter. LSV Asset Management now owns 1,330,545 shares of the transportation company’s stock valued at $47,833,000 after purchasing an additional 108,818 shares during the last quarter. Finally, Royce & Associates LP raised its position in Hawaiian by 29.8% in the second quarter. Royce & Associates LP now owns 1,016,131 shares of the transportation company’s stock valued at $36,530,000 after purchasing an additional 233,404 shares during the last quarter. Institutional investors and hedge funds own 85.14% 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.

See Also: Liquidity

Analyst Recommendations for Hawaiian (NASDAQ:HA)

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