Argus Research Upgrades Hawaiian Holdings to Buy

Brokerage firm Argus Research Upgrades its rating on Hawaiian Holdings(NASDAQ:HA). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Argus Research was issued on Jul 26, 2016.

In a different note, On Jun 27, 2016, Deutsche Bank said it Upgrades its rating on Hawaiian Holdings. The shares have been rated ‘Buy’ by the firm. Credit Suisse said it Initiates Coverage on Hawaiian Holdings, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Neutral’ by the firm. 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.

Hawaiian Holdings (HA) shares turned negative on Fridays trading session with the shares closing down -0.22 points or -0.48% at a volume of 7,40,082. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.7. The peak price level was also seen at $46.7 while the days lowest was $45.44. Finally the shares closed at $45.53. The 52-week high of the shares is $50.95 while the 52-week low is $19.87. According to the latest information available, the market cap of the company is $2,432 M.

Hawaiian Holdings(HA) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $594.59M. Analysts had an estimated revenue of $591.69M. Earnings per share were $1.21. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Crystal K Rose (director) sold 40,000 shares at $42.00 per share price.Also, On Jun 9, 2016, Peter R Ingram (EVP and CCO) sold 25,000 shares at $41.48 per share price.On May 17, 2016, Duane E. Woerth (director) sold 3,000 shares at $41.85 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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