Atlas Air Worldwide Holdings Stock Rating Lowered by Zacks (AAWW)
Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.NET reports. They currently have a $32.60 target price on the stock. Zacks‘ price target indicates a potential downside of 6.21% from the stock’s previous close.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 0.95% during mid-day trading on Wednesday, hitting $33.984. 104,581 shares of the company’s stock traded hands. Atlas Air Worldwide Holdings has a 52 week low of $33.84 and a 52 week high of $50.98. The stock has a 50-day moving average of $39.39 and a 200-day moving average of $42.2. The company has a market cap of $850.9 million and a P/E ratio of 7.67.
Several other analysts have also recently commented on the stock. Analysts at Wolfe Research downgraded shares of Atlas Air Worldwide Holdings from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, January 21st. Analysts at Cowen and Company downgraded shares of Atlas Air Worldwide Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 17th. They now have a $38.00 price target on the stock, down previously from $49.00. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.72.
Atlas Air Worldwide Holdings, Inc (NASDAQ:AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas).
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.