Shares of Hawaiian Holdings, Inc. (NASDAQ:HA – Get Rating) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.
Several equities analysts have recently issued reports on HA shares. StockNews.com started coverage on shares of Hawaiian in a report on Thursday. They set a “hold” rating for the company. Cowen reduced their price target on shares of Hawaiian from $19.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hawaiian from $17.00 to $13.00 in a research report on Tuesday, December 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Hawaiian in a research report on Friday, December 16th. They set a “sell” rating and a $8.00 price target for the company.
Insiders Place Their Bets
In other Hawaiian news, VP Aaron J. Alter sold 3,000 shares of Hawaiian stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $11.57, for a total value of $34,710.00. Following the completion of the sale, the vice president now owns 83,189 shares of the company’s stock, valued at approximately $962,496.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hawaiian
Hawaiian Stock Performance
Shares of HA opened at $8.39 on Friday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.50 and a quick ratio of 1.50. Hawaiian has a one year low of $8.19 and a one year high of $21.71. The company has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $12.79. The firm has a market capitalization of $431.67 million, a PE ratio of -1.96 and a beta of 1.92.
Hawaiian (NASDAQ:HA – Get Rating) last released its earnings results on Tuesday, January 31st. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.22. Hawaiian had a negative net margin of 8.29% and a negative return on equity of 56.81%. The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $733.06 million. During the same period last year, the business earned ($1.37) earnings per share. The business’s revenue was up 47.8% on a year-over-year basis. On average, analysts anticipate that Hawaiian will post -2.93 EPS for the current fiscal year.
About Hawaiian
Hawaiian Holdings, Inc is a holding company, which engages in the provision of air transportation services. It offers cargo handling and passenger flights between the Hawaiian Islands and its neighbor island routes. It operates through the Domestic and Pacific geographic segments. The company was founded in January 1929 and is headquartered in Honolulu, HI.
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