Buckingham Research Trims Hawaiian (NASDAQ:HA) Target Price to $29.00

Hawaiian (NASDAQ:HA) had its price target reduced by Buckingham Research from $33.00 to $29.00 in a report released on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the transportation company’s stock.

A number of other brokerages also recently commented on HA. Macquarie downgraded shares of Hawaiian from an outperform rating to a neutral rating and lowered their price objective for the company from $35.00 to $29.00 in a research report on Monday, July 29th. Imperial Capital reaffirmed an outperform rating and set a $38.00 price objective (up from $36.00) on shares of Hawaiian in a research report on Wednesday, April 10th. BidaskClub downgraded shares of Hawaiian from a buy rating to a hold rating in a research report on Tuesday, July 30th. ValuEngine raised shares of Hawaiian from a strong sell rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Cowen reaffirmed a market perform rating and set a $29.00 price objective (down from $31.00) on shares of Hawaiian in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Hawaiian has a consensus rating of Hold and a consensus target price of $29.89.

Shares of HA traded up $1.15 during mid-day trading on Wednesday, hitting $27.09. The company’s stock had a trading volume of 845,876 shares, compared to its average volume of 657,940. The company has a 50-day moving average of $27.07. The company has a market cap of $1.23 billion, a PE ratio of 4.98 and a beta of 1.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.64. Hawaiian has a fifty-two week low of $24.24 and a fifty-two week high of $44.25.

Hawaiian (NASDAQ:HA) last released 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. The business had revenue of $712.19 million for the quarter, compared to the consensus estimate of $704.74 million. Hawaiian had a net margin of 7.76% and a return on equity of 24.26%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. Equities research analysts forecast that Hawaiian will post 4.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 15th. Hawaiian’s payout ratio is currently 8.82%.

A number of large investors have recently added to or reduced their stakes in HA. Valeo Financial Advisors LLC acquired a new position in Hawaiian during the 1st quarter valued at $37,000. Amundi Pioneer Asset Management Inc. acquired a new position in Hawaiian during the 1st quarter valued at $81,000. First Hawaiian Bank raised its stake in Hawaiian by 51.8% during the 1st quarter. First Hawaiian Bank now owns 3,810 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 1,300 shares during the last quarter. Winslow Asset Management Inc. acquired a new position in Hawaiian during the 2nd quarter valued at $205,000. Finally, Everence Capital Management Inc. acquired a new position in Hawaiian during the 1st quarter valued at $216,000. Hedge funds and other institutional investors own 93.33% of the company’s stock.

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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