BidaskClub lowered shares of Hawaiian (NASDAQ:HA) from a hold rating to a sell rating in a report issued on Thursday.

HA has been the topic of a number of other research reports. Wolfe Research cut Hawaiian from an outperform rating to a market perform rating in a research report on Friday, December 7th. Imperial Capital decreased their target price on Hawaiian from $59.00 to $49.00 and set an outperform rating on the stock in a research report on Monday, December 10th. They noted that the move was a valuation call. ValuEngine upgraded Hawaiian from a strong sell rating to a sell rating in a research report on Monday, September 17th. Morgan Stanley decreased their target price on Hawaiian from $37.00 to $35.00 and set an underweight rating on the stock in a research report on Wednesday, November 14th. Finally, Buckingham Research decreased their target price on Hawaiian from $39.00 to $38.00 and set a neutral rating on the stock in a research report on Wednesday, October 10th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $41.92.

HA stock opened at $29.24 on Thursday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 5.18 and a beta of 1.40. Hawaiian has a 52 week low of $28.79 and a 52 week high of $44.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.82.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.17. Hawaiian had a return on equity of 30.56% and a net margin of 13.22%. The business had revenue of $759.10 million during the quarter, compared to the consensus estimate of $762.00 million. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Hawaiian’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Hawaiian will post 5.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Thursday, November 15th. Hawaiian’s dividend payout ratio (DPR) is currently 8.51%.

Several large investors have recently added to or reduced their stakes in the company. Bell Rock Capital LLC acquired a new position in shares of Hawaiian in the third quarter worth approximately $122,000. First Hawaiian Bank acquired a new position in shares of Hawaiian in the third quarter worth approximately $146,000. Cadinha & Co. LLC acquired a new position in shares of Hawaiian in the third quarter worth approximately $200,000. Verition Fund Management LLC acquired a new position in shares of Hawaiian in the third quarter worth approximately $233,000. Finally, Stevens Capital Management LP acquired a new position in shares of Hawaiian in the second quarter worth approximately $244,000. Institutional investors own 88.16% 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.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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