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What do Analysts suggest for: Hawaiian Holdings Inc. (NASDAQ:HA)

26 January 2017

While looking at the Stock's Performance, Hawaiian Holdings Inc. now shows a Weekly Performance of -8.56%, where Monthly Performance is -12.72%, Quarterly performance is 10.66%, 6 Months performance is 11.83% and yearly performance percentage is 60.12%. (NASDAQ:HA) in a research note published on Wednesday morning. The most lofty price projection sees the stock reaching $70 within the year, while the most conservative has a $50 target on the name. Argus raised their price objective on Hawaiian Holdings from $56.00 to $61.00 and gave the company a buy rating in a research report on Thursday, December 1st. Hawaiian Holdings Inc. P/E (price to earnings) ratio is 10.36 and Forward P/E ratio of 10.78.

Hawaiian Holdings Inc. closed its last trading session at $54.95 with the loss of -5.73%. Finally, Bank of America Corporation lowered Hawaiian Holdings from a neutral rating to an underperform rating in a research report on Tuesday, January 10th. The stock gained a consensus recommendation of 2.21 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. Hawaiian Holdings now has an average rating of Hold and a consensus price target of $53.18.

Hawaiian Holdings (NASDAQ:HA) opened at 53.90 on Friday. The stock is now moving above its 20-Day Simple Moving Average of -4.97% with the 50-Day Simple Moving Average of -4.97 percent. According to these analysts, the Low Revenue Estimate for Hawaiian Holdings Inc.is 575.29 Million and the High Revenue Estimate is 605 Million. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. Hawaiian Electric Industries had a net margin of 10.38% and a return on equity of 9.64%. The company had revenue of $646.05 million for the quarter, compared to analyst estimates of $728.12 million. For the quarter ending Jun-17, 6 analysts have a mean sales target of 634.15 million whilst for the year ending Dec-17, 7 analysts have a mean target of 2,596.36 million. The business's revenue was up 6.3% on a year-over-year basis. Equities analysts anticipate that Hawaiian Electric Industries will post $1.75 earnings per share for the current fiscal year. The Company has 52-week high of $60.9 and 52-week low of $30.65. The stock was sold at an average price of $60.24, for a total value of $602,400.00. Hsbc Holdings PLC purchased a new stake in shares of Hawaiian Holdings during the third quarter valued at approximately $203,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In related news, Director Randall Jenson sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, December 21st. State Street Corp now owns 2,977,414 shares of the company's stock valued at $97,632,000 after buying an additional 20,335 shares in the last quarter. The disclosure for this sale can be found here. Institutional investors and hedge funds own 44.07% of the company's stock. Finally, CIBC World Markets Inc. purchased a new stake in shares of Hawaiian Holdings during the third quarter valued at approximately $211,000. BlackRock Fund Advisors boosted its stake in shares of Hawaiian Holdings by 15.6% in the third quarter. Vanguard Group Inc. now owns 8,292,771 shares of the company's stock valued at $271,920,000 after buying an additional 334,294 shares in the last quarter.

Hawaiian Holdings (HA) announced its most recent quarterly financial results on Tuesday, Jan-24-2017. Following the completion of the transaction, the insider now directly owns 481,828 shares of the company's stock, valued at $27,006,459.40. NEXT Financial Group Inc now owns 3,700 shares of the company's stock valued at $180,000 after buying an additional 200 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hawaiian Electric Industries by 1.8% in the second quarter.

Hawaiian Holdings, Inc is a holding company. Through its subsidiary Hawaiian Airlines Inc. the Company is engaged in the scheduled air transportation of passengers and cargo.