Citigroup Trims Hawaiian (HA) Target Price to $40.00

Hawaiian (NASDAQ:HA) had its price target lowered by Citigroup from $43.00 to $40.00 in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential upside of 31.04% from the stock’s current price.

A number of other research analysts also recently issued reports on HA. BidaskClub downgraded shares of Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Morgan Stanley reduced their price objective on shares of Hawaiian from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 14th. Macquarie set a $43.00 price objective on shares of Hawaiian and gave the company a “buy” rating in a research report on Monday, October 8th. ValuEngine downgraded shares of Hawaiian from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Finally, TheStreet downgraded shares of Hawaiian from a “b-” rating to a “c+” rating in a research report on Tuesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.42.

Shares of NASDAQ HA opened at $30.53 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. Hawaiian has a 52 week low of $29.95 and a 52 week high of $44.25. The firm has a market capitalization of $1.64 billion, a P/E ratio of 5.41 and a beta of 1.40.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.17. The business had revenue of $759.10 million for the quarter, compared to the consensus estimate of $762.00 million. Hawaiian had a net margin of 13.22% and a return on equity of 30.56%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. On average, analysts anticipate that Hawaiian will post 5.57 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Bell Rock Capital LLC bought a new stake in shares of Hawaiian during the 3rd quarter valued at $122,000. First Hawaiian Bank bought a new stake in shares of Hawaiian during the 3rd quarter valued at $146,000. Cadinha & Co. LLC bought a new stake in shares of Hawaiian during the 3rd quarter valued at $200,000. Verition Fund Management LLC bought a new stake in shares of Hawaiian during the 3rd quarter valued at $233,000. Finally, Stevens Capital Management LP bought a new stake in shares of Hawaiian during the 2nd quarter valued at $244,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hawaiian Company Profile

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

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Analyst Recommendations for Hawaiian (NASDAQ:HA)

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