Hawaiian (NASDAQ:HA) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Hawaiian (NASDAQ:HA) from a hold rating to a buy rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other equities analysts have also commented on the company. Macquarie raised Husky Energy from an underperform rating to a neutral rating in a research note on Thursday, April 11th. Zacks Investment Research raised Green Brick Partners from a sell rating to a hold rating in a research note on Wednesday, April 10th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, Imperial Capital reaffirmed an outperform rating and issued a $38.00 price target (up previously from $36.00) on shares of Hawaiian in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $33.67.

Shares of Hawaiian stock opened at $27.33 on Thursday. Hawaiian has a 52 week low of $24.24 and a 52 week high of $44.25. The company has a fifty day simple moving average of $26.75. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 5.02 and a beta of 1.79. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Hawaiian (NASDAQ:HA) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Hawaiian had a return on equity of 26.32% and a net margin of 8.52%. The business had revenue of $656.75 million for the quarter, compared to analyst estimates of $653.57 million. During the same quarter in the prior year, the company posted $1.09 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts expect that Hawaiian will post 3.93 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY increased its holdings in shares of Hawaiian by 353.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,418 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 12,798 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hawaiian in the 4th quarter valued at about $267,000. Macquarie Group Ltd. increased its holdings in shares of Hawaiian by 15.8% in the 4th quarter. Macquarie Group Ltd. now owns 776,667 shares of the transportation company’s stock valued at $20,512,000 after acquiring an additional 106,169 shares during the last quarter. Brinker Capital Inc. purchased a new position in shares of Hawaiian in the 1st quarter valued at about $227,000. Finally, Piedmont Investment Advisors Inc. increased its holdings in shares of Hawaiian by 4.0% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 12,226 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 475 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

About Hawaiian

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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