Hawaiian (NASDAQ:HA) Downgraded by BidaskClub to Hold

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Hawaiian (NASDAQ:HA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 30th, BidAskClub reports.

HA has been the subject of several other research reports. Zacks Investment Research upgraded Hawaiian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine upgraded Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 2nd. Macquarie downgraded Hawaiian from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $35.00 to $29.00 in a research note on Monday, July 29th. Finally, Imperial Capital restated an “outperform” rating and set a $38.00 target price (up previously from $36.00) on shares of Hawaiian in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.89.

NASDAQ:HA opened at $23.78 on Tuesday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 4.37 and a beta of 1.80. Hawaiian has a 1-year low of $23.68 and a 1-year high of $44.25. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average price is $26.94 and its 200 day moving average price is $27.51.

Hawaiian (NASDAQ:HA) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.19. Hawaiian had a return on equity of 24.26% and a net margin of 7.76%. The company had revenue of $712.19 million for the quarter, compared to analyst estimates of $704.74 million. During the same period in the prior year, the firm posted $1.44 EPS. The business’s revenue was down .5% compared to the same quarter last year. Equities analysts forecast that Hawaiian will post 3.98 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Hawaiian by 0.3% during the first quarter. Rhumbline Advisers now owns 147,274 shares of the transportation company’s stock worth $3,866,000 after acquiring an additional 406 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Hawaiian by 4.0% in the first quarter. Piedmont Investment Advisors Inc. now owns 12,226 shares of the transportation company’s stock valued at $321,000 after purchasing an additional 475 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Hawaiian by 5.7% in the second quarter. Janus Henderson Group PLC now owns 9,272 shares of the transportation company’s stock valued at $254,000 after purchasing an additional 497 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Hawaiian by 1.7% in the first quarter. Texas Permanent School Fund now owns 32,878 shares of the transportation company’s stock valued at $863,000 after purchasing an additional 549 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Hawaiian by 0.5% in the second quarter. Bank of Montreal Can now owns 104,979 shares of the transportation company’s stock valued at $2,881,000 after purchasing an additional 564 shares in the last quarter. 94.62% of the stock is owned by institutional investors.

Hawaiian Company Profile

Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, 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 Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; Seattle, Washington, and New York City, New York.

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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