Deutsche Bank Reiterates $24.00 Price Target for Hawaiian (NASDAQ:HA)

Hawaiian (NASDAQ:HA) has been assigned a $24.00 price objective by analysts at Deutsche Bank in a note issued to investors on Wednesday, TipRanks reports. The firm currently has a “sell” rating on the transportation company’s stock. Deutsche Bank’s price objective indicates a potential downside of 11.41% from the stock’s current price.

Several other research firms have also commented on HA. Buckingham Research lowered their price target on shares of Hawaiian from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday. Macquarie lowered shares of 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 report on Monday. Zacks Investment Research upgraded shares of Hawaiian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Imperial Capital reiterated an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of Hawaiian in a research report on Wednesday, April 10th. Finally, BidaskClub lowered shares of Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.89.

Shares of Hawaiian stock traded up $1.15 during trading on Wednesday, hitting $27.09. 868,100 shares of the stock were exchanged, compared to its average volume of 780,185. The company has a fifty day moving average of $27.09. The stock has a market cap of $1.28 billion, a PE ratio of 4.94 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 has a 12 month low of $24.24 and a 12 month high of $44.25.

Hawaiian (NASDAQ:HA) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.04 by $0.19. The business had revenue of $712.19 million during the quarter, compared to analyst estimates of $704.74 million. Hawaiian had a net margin of 8.52% and a return on equity of 26.32%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Sell-side analysts expect that Hawaiian will post 3.91 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of HA. Dimensional Fund Advisors LP increased its stake in shares of Hawaiian by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,137,067 shares of the transportation company’s stock worth $82,849,000 after purchasing an additional 335,590 shares in the last quarter. Geode Capital Management LLC grew its stake in Hawaiian by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 555,616 shares of the transportation company’s stock valued at $14,673,000 after acquiring an additional 23,805 shares in the last quarter. Bank of America Corp DE grew its stake in Hawaiian by 19.4% during the 4th quarter. Bank of America Corp DE now owns 220,819 shares of the transportation company’s stock valued at $5,832,000 after acquiring an additional 35,863 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Hawaiian by 353.5% during 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 in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Hawaiian during the 4th quarter valued at about $388,000. 93.33% of the stock is owned by 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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