Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Hawaiian Holdings Inc (NASDAQ: HA) improved of late. HA’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Hawaiian Holdings Inc (NASDAQ: HA) stock closed at $13.29 on 4/8/24 after an increase of 1.1%. However, below average trading volume at 68% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HA is expected to continue to be a modest Value Builder.
Hawaiian Holdings has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hawaiian Holdings has a very low Appreciation Score of 4 but a good Power Rating of 84, triggering the Low Neutral Value Trend Rating.
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