Atlas Air Worldwide Holdings, Inc. (AAWW) Receives Average Rating of “Buy” from Analysts

Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) have earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $68.67.

A number of brokerages have commented on AAWW. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. ValuEngine raised shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Cowen reissued a “hold” rating on shares of Atlas Air Worldwide in a report on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating and set a $69.00 price objective on shares of Atlas Air Worldwide in a report on Tuesday, September 12th. Finally, BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st.

Shares of Atlas Air Worldwide (NASDAQ:AAWW) opened at $59.25 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a fifty-two week low of $45.45 and a fifty-two week high of $68.70. The firm has a market cap of $1,500.00, a PE ratio of 36.13 and a beta of 1.38.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The company had revenue of $535.70 million for the quarter, compared to the consensus estimate of $521.29 million. During the same period in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. research analysts expect that Atlas Air Worldwide will post 4.58 earnings per share for the current year.

In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 4,027 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $59.75, for a total transaction of $240,613.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $65.59, for a total transaction of $327,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,222 shares of company stock worth $1,819,448. Corporate insiders own 2.50% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $619,000. Impala Asset Management LLC acquired a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $13,303,000. Signia Capital Management LLC raised its position in shares of Atlas Air Worldwide by 1.9% in the 3rd quarter. Signia Capital Management LLC now owns 67,711 shares of the transportation company’s stock valued at $4,455,000 after acquiring an additional 1,267 shares during the period. Pier Capital LLC acquired a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $5,461,000. Finally, Elk Creek Partners LLC raised its position in shares of Atlas Air Worldwide by 9.1% in the 3rd quarter. Elk Creek Partners LLC now owns 215,544 shares of the transportation company’s stock valued at $14,183,000 after acquiring an additional 18,029 shares during the period. Institutional investors and hedge funds own 96.40% of the company’s stock.

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Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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