Hawaiian Holdings Is Top Strong Buy Upgrade

For today's edition of our upgrade list, we used our website's advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Hawaiian Holdings (HA) is our top-rated upgrade this week and it is a STRONG BUY. Western Digital (WDC) and Pennantpark Investments (PNNT) are our other STRONG BUY upgrades for the day. We also have Clean Energy Fuels (CLNE) and LCI Industries (LCII) as BUY upgrades for today.

Ticker	Company Name	Market Price	Valuation	Last 12-M Return	1-M Forecast Return	1-Yr Forecast Return	P/E Ratio	Sector Name
HA	HAWAIIAN HLDGS	53.8	1.36%	30.74%	1.09%	13.08%	9.83	Transportation
WDC	WESTERN DIGITAL	90.72	-3.22%	137.92%	1.09%	13.04%	13.86	Computer and Technology
PNNT	PENNANTPARK INV	7.8	2.90%	27.66%	1.08%	13.01%	8.97	Finance
CLNE	CLEAN EGY FUELS	2.48	-69.68%	-9.82%	0.99%	11.87%	10.78	Utilities
LCII	LCI INDUSTRIES	95.05	N/A	47.96%	0.63%	7.54%	17.21	Auto-Tires-Trucks

We found an airline that hasn't been in the news for treating customers like cattle! Perhaps those flying around Hawaii are just in a better move? All joking aside, our models have upgraded Hawaiian Holdings--parent of Hawaiian Airlines--to STRONG BUY.

Hawaiian Holdings (HA) is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo, and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.

The company recently reported earnings for Q1 2017. At that time, the CEO, Mark Dunkerly, note that "the year has started extremely well. Strong demand coupled with benign industry capacity growth in our geographies have given us a robust operating environment sufficient to more than offset the impact of the rising price of fuel."

For Q1, the company showed net income of @$37 million or $0.68/share. This was down from the same quarter last year, when the company reported income of $0.95/share. Revenues were up @11% with the company reporting $614.2 million vs $551.2 million last year. Investors have taken notice of the stock, and the share price increased @17% during the month of April.

Below is today's data on Hawaiian Holdings (HA):

VALUENGINE RECOMMENDATION: ValuEngine updated its recommendation from BUY to STRONG BUY for Hawaiian Holdings on 2017-05-05. Based on the information we have gathered and our resulting research, we feel that Hawaiian Holdings has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Sharpe Ratio and P/E Ratio.

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	54.39	1.09%
3-Month	54.07	0.51%
6-Month	54.67	1.62%
1-Year	60.84	13.08%
2-Year	54.93	2.10%
3-Year	54.67	1.62%

Valuation & Rankings
Valuation	1.36% overvalued	Valuation Rank(?)	62
1-M Forecast Return	1.09%	1-M Forecast Return Rank	99
12-M Return	30.74%	Momentum Rank(?)	74
Sharpe Ratio	1.15	Sharpe Ratio Rank(?)	95
5-Y Avg Annual Return	45.22%	5-Y Avg Annual Rtn Rank	98
Volatility	39.22%	Volatility Rank(?)	42
Expected EPS Growth	-11.57%	EPS Growth Rank(?)	12
Market Cap (billions)	2.91	Size Rank	76
Trailing P/E Ratio	9.83	Trailing P/E Rank(?)	93
Forward P/E Ratio	11.12	Forward P/E Ratio Rank	80
PEG Ratio	n/a	PEG Ratio Rank	n/a
Price/Sales	1.16	Price/Sales Rank(?)	66
Market/Book	5.21	Market/Book Rank(?)	26
Beta	1.20	Beta Rank	30
Alpha	0.08	Alpha Rank	70