Hawaiian (HA) Upgraded at Sidoti

Hawaiian (NASDAQ:HA) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a $49.00 target price on the transportation company’s stock. Sidoti’s price objective would indicate a potential upside of 34.80% from the stock’s current price.

Several other equities research analysts have also commented on the company. Buckingham Research upgraded Hawaiian from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, November 16th. Imperial Capital upped their price objective on Hawaiian from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Zacks Investment Research upgraded Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Argus restated a “hold” rating and issued a $61.00 price objective on shares of Hawaiian in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.42.

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Shares of Hawaiian (NASDAQ HA) opened at $36.35 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1,888.20, a price-to-earnings ratio of 5.31, a PEG ratio of 3.11 and a beta of 1.54. Hawaiian has a 12 month low of $32.40 and a 12 month high of $59.45.

Hawaiian (NASDAQ:HA) last posted its quarterly earnings data on Monday, January 29th. The transportation company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.00 by $0.10. The firm had revenue of $686.50 million during the quarter, compared to analyst estimates of $686.00 million. Hawaiian had a return on equity of 36.52% and a net margin of 13.51%. Hawaiian’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 EPS. research analysts anticipate that Hawaiian will post 5.23 earnings per share for the current fiscal year.

Hawaiian announced that its Board of Directors has initiated a share buyback program on Tuesday, December 5th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Hawaiian by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,847,471 shares of the transportation company’s stock valued at $69,371,000 after purchasing an additional 98,308 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Hawaiian by 1,244.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,233,908 shares of the transportation company’s stock valued at $49,171,000 after purchasing an additional 1,142,148 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Hawaiian by 0.9% during the 4th quarter. LSV Asset Management now owns 1,121,927 shares of the transportation company’s stock valued at $44,708,000 after purchasing an additional 10,200 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Hawaiian by 30.0% during the 4th quarter. Millennium Management LLC now owns 1,096,662 shares of the transportation company’s stock valued at $43,702,000 after purchasing an additional 253,340 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Hawaiian by 370.3% during the 3rd quarter. Prudential Financial Inc. now owns 981,730 shares of the transportation company’s stock valued at $36,864,000 after purchasing an additional 772,990 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

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About Hawaiian

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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