Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $69.00 target price on the transportation company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.20% from the stock’s current price.

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

A number of other brokerages have also recently issued reports on AAWW. Cowen upgraded shares of Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $62.00 to $72.00 in a research report on Wednesday, January 10th. ValuEngine cut shares of Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. Stifel Nicolaus upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.50.

Shares of Atlas Air Worldwide (AAWW) traded up $0.70 on Monday, reaching $62.05. 518,900 shares of the company’s stock were exchanged, compared to its average volume of 396,711. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1,568.82, a PE ratio of 59.66 and a beta of 1.38. Atlas Air Worldwide has a one year low of $45.45 and a one year high of $68.70.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The business had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. research analysts predict that Atlas Air Worldwide will post 4.59 earnings per share for the current fiscal year.

In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $58.60, for a total value of $293,000.00. Following the completion of the sale, the chief executive officer now directly owns 166,958 shares in the company, valued at $9,783,738.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $59.75, for a total transaction of $240,613.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,222 shares of company stock valued at $1,168,998. Insiders own 2.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in Atlas Air Worldwide by 0.4% in the second quarter. California Public Employees Retirement System now owns 74,400 shares of the transportation company’s stock valued at $3,880,000 after purchasing an additional 300 shares during the period. Thrivent Financial For Lutherans grew its holdings in Atlas Air Worldwide by 6.5% in the second quarter. Thrivent Financial For Lutherans now owns 15,200 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 930 shares during the period. American International Group Inc. grew its holdings in Atlas Air Worldwide by 5.6% in the third quarter. American International Group Inc. now owns 18,681 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 989 shares during the period. Supplemental Annuity Collective Trust of NJ grew its holdings in Atlas Air Worldwide by 5.6% in the third quarter. Supplemental Annuity Collective Trust of NJ now owns 19,000 shares of the transportation company’s stock valued at $1,250,000 after purchasing an additional 1,000 shares during the period. Finally, Cubic Asset Management LLC grew its holdings in Atlas Air Worldwide by 3.5% in the third quarter. Cubic Asset Management LLC now owns 32,560 shares of the transportation company’s stock valued at $2,142,000 after purchasing an additional 1,100 shares during the period.

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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).

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