Atlas Air Worldwide Holdings Upgraded to Market Perform at CJS Securities (AAWW)
Atlas Air Worldwide Holdings (NASDAQ:AAWW) was upgraded by stock analysts at CJS Securities from a “market underperform” rating to a “market perform” rating in a report issued on Tuesday, American Banking and Market News reports. The firm currently has a $60.00 price target on the stock. CJS Securities’ target price would indicate a potential upside of 33.60% from the stock’s previous close.
Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 1.94% during mid-day trading on Tuesday, hitting $44.04. The stock had a trading volume of 131,497 shares. Atlas Air Worldwide Holdings has a one year low of $36.61 and a one year high of $55.04. The stock’s 50-day moving average is $46.13 and its 200-day moving average is $44.10. The company has a market cap of $1.112 billion and a price-to-earnings ratio of 9.37.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.79 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.87 by $0.08. The company had revenue of $403.60 million for the quarter, compared to the consensus estimate of $409.33 million. During the same quarter last year, the company posted $1.18 earnings per share. Atlas Air Worldwide Holdings’s revenue was down 5.0% compared to the same quarter last year. On average, analysts predict that Atlas Air Worldwide Holdings will post $4.77 earnings per share for the current fiscal year.
AAWW has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of Atlas Air Worldwide Holdings from $40.00 to $45.00 in a research note to investors on Friday, September 27th. They now have an “in-line” rating on the stock. Analysts at TheStreet upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 2nd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.20.
Atlas Air Worldwide Holdings, Inc (NASDAQ:AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas).
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