Deutsche Bank Trims Hawaiian (HA) Target Price to $41.00

Hawaiian (NASDAQ:HA) had its price target reduced by Deutsche Bank from $45.00 to $41.00 in a research note released on Wednesday. Deutsche Bank currently has a buy rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on the stock. ValuEngine raised shares of Hawaiian from a strong sell rating to a sell rating in a report on Friday, August 10th. BidaskClub raised shares of Hawaiian from a sell rating to a hold rating in a report on Saturday, September 29th. Cowen decreased their target price on shares of Hawaiian from $45.00 to $43.00 and set a market perform rating for the company in a report on Tuesday, June 12th. Buckingham Research lifted their target price on shares of Hawaiian from $35.00 to $39.00 and gave the stock a hold rating in a report on Friday, September 7th. Finally, Imperial Capital reaffirmed an outperform rating and issued a $77.00 target price (up from $74.00) on shares of Hawaiian in a report on Thursday, September 27th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $47.00.

NASDAQ HA traded up $0.81 during trading hours on Wednesday, reaching $33.52. 1,377,761 shares of the company’s stock traded hands, compared to its average volume of 817,967. Hawaiian has a 52-week low of $32.40 and a 52-week high of $44.25. The stock has a market cap of $2.03 billion, a P/E ratio of 5.94 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.75 and a quick ratio of 0.75.

Hawaiian (NASDAQ:HA) last issued its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.18. Hawaiian had a net margin of 12.73% and a return on equity of 32.45%. The company had revenue of $715.45 million during the quarter, compared to analysts’ expectations of $716.52 million. During the same period last year, the company posted $1.49 EPS. Hawaiian’s revenue was up 6.8% on a year-over-year basis. Research analysts expect that Hawaiian will post 5.75 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Needham Investment Management LLC raised its holdings in Hawaiian by 22.1% in the second quarter. Needham Investment Management LLC now owns 55,200 shares of the transportation company’s stock worth $1,984,000 after buying an additional 10,000 shares during the last quarter. Financial Consulate Inc. raised its holdings in Hawaiian by 3.9% in the second quarter. Financial Consulate Inc. now owns 67,413 shares of the transportation company’s stock worth $2,424,000 after buying an additional 2,558 shares during the last quarter. Piedmont Investment Advisors LLC raised its holdings in Hawaiian by 403.3% in the second quarter. Piedmont Investment Advisors LLC now owns 55,192 shares of the transportation company’s stock worth $1,984,000 after buying an additional 44,225 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Hawaiian in the second quarter worth approximately $692,000. Finally, KBC Group NV grew its stake in shares of Hawaiian by 104.1% in the second quarter. KBC Group NV now owns 96,554 shares of the transportation company’s stock worth $3,471,000 after acquiring an additional 49,247 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.

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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