Hawaiian Holdings (HA) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 66 from a previous price target of $62 . Imperial Capital advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Hawaiian Holdings. Hawaiian Holdings was Initiated by Citigroup to “Neutral” on Nov 18, 2016. Company shares were Reiterated by Imperial Capital on Oct 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $58 .Imperial Capital Initiated Hawaiian Holdings on Sep 6, 2016 to “Outperform”, Price Target of the shares are set at $58.
On the company’s financial health, Hawaiian Holdings reported $1.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $1.84. The company had revenue of $671.83 million for the quarter, compared to analysts expectations of $670.15 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.
Hawaiian Holdings opened for trading at $48.9 and hit $50.55 on the upside on Monday, eventually ending the session at $50.4, with a gain of 2.86% or 1.4 points. The heightened volatility saw the trading volume jump to 8,88,695 shares. Company has a market cap of $2,693 M.
In a different news, on Nov 21, 2016, Mark B Dunkerley (President and CEO) sold 8,000 shares at $50.25 per share price. According to the SEC, on Sep 27, 2016, Lawrence Hershfield (director) sold 20,000 shares at $47.48 per share price. On Sep 15, 2016, Duane E. Woerth (director) sold 3,946 shares at $46.54 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes) and between the Hawaiian Islands and the South Pacific Australia New Zealand and Asia (the international routes). In addition it operates various charter flights and offers non-stop services to Hawai’i from 11 United States gateway cities. It also provides approximately 166 daily flights between the Hawaiian Islands. The Company’s fleet has approximately 18 Boeing 717-200 aircraft for the Neighbor Island routes and 10 Boeing 767-300 aircraft and 19 Airbus A330-200 aircraft for the North America international and charter routes. It owns three ATR42 turboprop aircraft for the Ohana by Hawaiian Neighbor Island service.