Atlas Air Worldwide Holdings Stock Rating Upgraded by Zacks (AAWW)
Atlas Air Worldwide Holdings (NASDAQ:AAWW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a $41.30 target price on the stock. Zacks‘ price objective would suggest a potential upside of 2.13% from the company’s current price.
A number of other analysts have also recently weighed in on AAWW. Analysts at FBR Capital Markets cut their price target on shares of Atlas Air Worldwide Holdings from $46.00 to $38.00 in a research note to investors on Tuesday, November 5th. They now have a “market perform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Atlas Air Worldwide Holdings from $55.00 to $49.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Finally, analysts at CJS Securities upgraded shares of Atlas Air Worldwide Holdings from a “market underperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 15th. They now have a $60.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.66.
Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 0.30% during mid-day trading on Tuesday, hitting $40.44. The stock had a trading volume of 157,286 shares. Atlas Air Worldwide Holdings has a 52 week low of $36.24 and a 52 week high of $50.98. The stock’s 50-day moving average is $38.36 and its 200-day moving average is $42.99. The company has a market cap of $1.013 billion and a P/E ratio of 9.01.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.34 by $0.21. The company had revenue of $405.39 million for the quarter, compared to the consensus estimate of $438.10 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Atlas Air Worldwide Holdings will post $3.55 EPS for the current fiscal year.
Atlas Air Worldwide Holdings, Inc (NASDAQ:AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas).
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