Imperial Capital Believes HA Won’t Stop Here

By Ryan Adsit

Imperial Capital analyst Michael Derchin reiterated a Buy rating on Hawaiian Holdings (NASDAQ: HA) today and set a price target of $66. The company’s shares closed yesterday at $50.50, close to its 52-week high of $51.53.

According to, Derchin is a top 100 analyst with an average return of 25.1% and a 78.4% success rate. Derchin covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.

Hawaiian Holdings has an analyst consensus of Hold, with a price target consensus of $53.

Based on Hawaiian Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $674 million and quarterly net profit of $102 million. In comparison, last year the company earned revenue of $627 million and had a net profit of $70.03 million.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Duane Woerth, a Director at HA sold 3,946 shares for a total of $183,607.

Hawaiian Holdings, Inc. operates as a holding company for Hawaiian Airlines, Inc. The company through its subsidiary Hawaiian Airlines, Inc. is engaged in the scheduled air transportation of passengers and cargo amongst the Hawaiian Islands (the Neighbor Island routes), between the Hawaiian Islands and certain cities in the U.S. (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia and Asia (the International routes). The company offers non-stop service to Hawai’i from more U.S. gateway cities, and also provides daily flights between the Hawaiian Islands. In addition, it also operates various charter flights. Hawaiian Holdings is headquartered in Honolulu, HI.