Wolfe Research cut shares of Hawaiian (NASDAQ:HA) from an outperform rating to a market perform rating in a research report report published on Friday, The Fly reports.
Several other research analysts have also recently weighed in on the stock. Imperial Capital reissued an outperform rating and set a $77.00 price target (up previously from $74.00) on shares of Hawaiian in a research report on Thursday, September 27th. ValuEngine upgraded shares of Hawaiian from a strong sell rating to a sell rating in a research note on Monday, September 17th. Morgan Stanley cut their target price on shares of Hawaiian from $37.00 to $35.00 and set an underweight rating on the stock in a research note on Wednesday, November 14th. Buckingham Research lowered their price target on Hawaiian from $39.00 to $38.00 and set a neutral rating for the company in a report on Wednesday, October 10th. Finally, BidaskClub raised Hawaiian from a sell rating to a hold rating in a report on Saturday, September 29th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $43.42.
HA stock traded down $2.63 during trading on Friday, reaching $30.53. The company had a trading volume of 1,869,045 shares, compared to its average volume of 533,346. The stock has a market capitalization of $1.64 billion, a PE ratio of 5.41 and a beta of 1.40. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.62. Hawaiian has a twelve month low of $29.95 and a twelve month high of $44.25.
Hawaiian (NASDAQ:HA) last posted its earnings results on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.17. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The firm had revenue of $759.10 million during the quarter, compared to analyst estimates of $762.00 million. During the same period in the previous year, the firm earned $1.92 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Hawaiian will post 5.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. Hawaiian’s dividend payout ratio is currently 8.51%.
A number of hedge funds have recently made changes to their positions in HA. Bell Rock Capital LLC acquired a new stake in shares of Hawaiian during the third quarter worth $122,000. First Hawaiian Bank bought a new stake in shares of Hawaiian during the 3rd quarter worth about $146,000. Cadinha & Co. LLC bought a new stake in shares of Hawaiian during the 3rd quarter worth about $200,000. Verition Fund Management LLC bought a new stake in Hawaiian during the 3rd quarter valued at approximately $233,000. Finally, Stevens Capital Management LP bought a new stake in Hawaiian during the 2nd quarter valued at 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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