Credit Suisse Initiates Coverage on Hawaiian Holdings to Neutral

Credit Suisse Initiates Coverage on Hawaiian Holdings(NASDAQ:HA). The shares have been rated Neutral. The rating by Credit Suisse was issued on Jun 10, 2016.

In a different note, Argus Research said it Initiates Coverage on Hawaiian Holdings, according to a research note issued on May 4, 2016. The shares have been rated ‘Hold’ by the firm. On Apr 22, 2016, Cowen & Company said it Maintains its rating on Hawaiian Holdings. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Apr 1, 2016, Deutsche Bank said it Downgrades its rating on Hawaiian Holdings. The shares have been rated ‘Neutral’ by the firm.

Hawaiian Holdings (HA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.25% or 0.09 points. Due to strong positive momentum, the stock ended at $36.6, which is also near the day’s high of $37.36. The stock began the session at $37.36 and the volume stood at 10,38,617 shares. The 52-week high of the shares is $50.95 and the 52 week low is $19.87. The company has a current market capitalization of $1,961 M and it has 5,35,89,252 shares in outstanding.

Hawaiian Holdings(HA) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $551.18M. Analysts had an estimated revenue of $558.23M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.76.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Peter R Ingram (EVP and CCO) sold 25,000 shares at $41.48 per share price.Also, On May 17, 2016, Duane E. Woerth (director) sold 3,000 shares at $41.85 per share price.On May 16, 2016, Tomoyuki Moriizumi (director) sold 5,000 shares at $42.78 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.

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