Trading Report: The Hawaiian Holdings Inc. (HA) Price Target Raised to $55.00 at Deutsche Bank AG

The Hawaiian Holdings Inc. (HA) Price Target Raised to $55.00 at Deutsche Bank AG

Hawaiian Holdings Inc. (NASDAQ:HA) had its price target lifted by equities researchers at Deutsche Bank AG from $50.00 to $55.00 in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 14.30% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Credit Suisse Group AG set a $44.00 price objective on Hawaiian Holdings and gave the stock a “hold” rating in a research report on Monday, September 12th. Imperial Capital started coverage on Hawaiian Holdings in a research note on Tuesday, September 6th. They set an “outperform” rating and a $58.00 price target on the stock. Morgan Stanley restated a “sell” rating and set a $43.00 price target on shares of Hawaiian Holdings in a research note on Sunday, August 21st. Argus upgraded Hawaiian Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 26th. Finally, Bank of America Corp. restated a “hold” rating and set a $47.00 price target on shares of Hawaiian Holdings in a research note on Friday, July 22nd. Two equities 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 presently has an average rating of “Hold” and a consensus price target of $49.56.

Shares of Hawaiian Holdings (NASDAQ:HA) traded up 0.25% during midday trading on Wednesday, reaching $48.24. The company’s stock had a trading volume of 109,816 shares. The firm has a market capitalization of $2.58 billion, a PE ratio of 11.42 and a beta of 1.30. Hawaiian Holdings has a 1-year low of $27.56 and a 1-year high of $51.53. The company’s 50-day moving average price is $47.67 and its 200 day moving average price is $44.25.

Hawaiian Holdings (NASDAQ:HA) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.06. Hawaiian Holdings had a return on equity of 50.15% and a net margin of 10.50%. The business earned $594.60 million during the quarter, compared to analysts’ expectations of $589.04 million. On average, equities research analysts forecast that Hawaiian Holdings will post $4.94 earnings per share for the current year.

In other Hawaiian Holdings news, CEO Mark B. Dunkerley sold 8,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $50.26, for a total transaction of $402,080.00. Following the completion of the transaction, the chief executive officer now owns 567,644 shares in the company, valued at approximately $28,529,787.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Ronald Anderson-Lehman sold 26,582 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $45.97, for a total value of $1,221,974.54. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Hawaiian Holdings by 13.5% in the second quarter. Vanguard Group Inc. now owns 5,958,584 shares of the company’s stock valued at $226,188,000 after buying an additional 706,642 shares during the period. BlackRock Fund Advisors increased its stake in shares of Hawaiian Holdings by 6.7% in the second quarter. BlackRock Fund Advisors now owns 3,131,931 shares of the company’s stock valued at $118,888,000 after buying an additional 196,249 shares during the period. Renaissance Technologies LLC increased its stake in shares of Hawaiian Holdings by 37.6% in the first quarter. Renaissance Technologies LLC now owns 2,154,200 shares of the company’s stock valued at $101,657,000 after buying an additional 588,300 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hawaiian Holdings by 7.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,226,099 shares of the company’s stock valued at $46,543,000 after buying an additional 89,658 shares during the period. Finally, Numeric Investors LLC increased its stake in shares of Hawaiian Holdings by 87.0% in the second quarter. Numeric Investors LLC now owns 1,163,169 shares of the company’s stock valued at $44,154,000 after buying an additional 541,015 shares during the period. Hedge funds and other institutional investors own 88.19% of the company’s stock.

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