Atlas Air Worldwide (AAWW) Given Buy Rating at Stifel Nicolaus

Atlas Air Worldwide (NASDAQ:AAWW)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They presently have a $81.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential upside of 31.71% from the company’s current price.

A number of other research firms also recently weighed in on AAWW. Cowen upgraded Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $72.00 in a research note on Wednesday, January 10th. ValuEngine downgraded Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Monday. Finally, BidaskClub upgraded Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Atlas Air Worldwide has a consensus rating of “Buy” and an average target price of $71.50.

Atlas Air Worldwide (AAWW) traded down $0.45 during trading on Thursday, hitting $61.50. The company had a trading volume of 249,995 shares, compared to its average volume of 353,917. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66. Atlas Air Worldwide has a 12-month low of $45.45 and a 12-month high of $68.70. The stock has a market capitalization of $1,550.00, a P/E ratio of 37.50 and a beta of 1.38.

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

In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $61.95, for a total transaction of $309,750.00. Following the sale, the chief executive officer now directly owns 161,958 shares in the company, valued at $10,033,298.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $59.75, for a total value of $240,613.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,222 shares of company stock worth $1,478,748. 2.50% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Atlas Air Worldwide by 51,032.3% during the first quarter. BlackRock Inc. now owns 3,013,229 shares of the transportation company’s stock worth $167,084,000 after purchasing an additional 3,007,336 shares in the last quarter. Vanguard Group Inc. boosted its position in Atlas Air Worldwide by 3.7% during the second quarter. Vanguard Group Inc. now owns 2,277,414 shares of the transportation company’s stock worth $118,767,000 after purchasing an additional 81,672 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Atlas Air Worldwide by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,130,850 shares of the transportation company’s stock worth $111,122,000 after purchasing an additional 11,726 shares in the last quarter. BlackRock Fund Advisors raised its holdings in shares of Atlas Air Worldwide by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,750,165 shares of the transportation company’s stock worth $74,942,000 after acquiring an additional 147,517 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Atlas Air Worldwide by 33.2% in the first quarter. Alliancebernstein L.P. now owns 1,382,286 shares of the transportation company’s stock worth $76,648,000 after acquiring an additional 344,745 shares during the last quarter.

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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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