Cowen Reiterates Market Perform Rating for Hawaiian (HA)
Hawaiian (NASDAQ:HA)‘s stock had its “market perform” rating reissued by research analysts at Cowen in a research note issued on Thursday, Marketbeat.com reports. They presently have a $37.00 target price on the transportation company’s stock, down from their previous target price of $38.00. Cowen’s target price would indicate a potential upside of 21.21% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Imperial Capital restated an “outperform” rating and set a $77.00 price target (up from $74.00) on shares of Hawaiian in a research report on Thursday, September 27th. ValuEngine raised shares of Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Morgan Stanley reduced their price target on shares of Hawaiian from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. Buckingham Research reduced their price target on shares of Hawaiian from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. Finally, BidaskClub raised shares of Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.42.
Shares of HA opened at $30.53 on Thursday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.41 and a beta of 1.40. Hawaiian has a twelve month low of $29.95 and a twelve month high of $44.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.82 and a quick ratio of 0.82.
Hedge funds have recently added to or reduced their stakes in the company. Bell Rock Capital LLC acquired a new position in shares of Hawaiian during the third quarter valued at $122,000. First Hawaiian Bank acquired a new stake in Hawaiian during the 3rd quarter worth about $146,000. Cadinha & Co. LLC acquired a new stake in Hawaiian during the 3rd quarter worth about $200,000. Verition Fund Management LLC acquired a new stake in Hawaiian in the 3rd quarter worth approximately $233,000. Finally, Stevens Capital Management LP acquired a new stake in Hawaiian in the 2nd quarter worth approximately $244,000. 88.16% of the stock is owned by institutional investors and hedge funds.
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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