ValuEngine upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a buy rating to a strong-buy rating in a report published on Friday.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a hold rating to a sell rating in a research report on Thursday, November 9th. Stifel Nicolaus raised 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. Cowen reissued a hold rating on shares of Atlas Air Worldwide in a research report on Thursday, October 12th. Susquehanna Bancshares began coverage on shares of Atlas Air Worldwide in a research report on Thursday, August 17th. They issued a positive rating and a $72.00 target price for the company. Finally, BidaskClub downgraded shares of Atlas Air Worldwide from a hold rating to a sell rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $70.00.
Shares of Atlas Air Worldwide (AAWW) opened at $58.00 on Friday. The stock has a market cap of $1,470.00, a price-to-earnings ratio of 12.48 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. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21.
Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million during the quarter, compared to the consensus estimate of $521.29 million. Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. Atlas Air Worldwide’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. analysts expect that Atlas Air Worldwide will post 4.64 earnings per share for the current fiscal year.
In other news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $61.21, for a total value of $306,050.00. Following the completion of the transaction, the chief executive officer now directly owns 171,958 shares of the company’s stock, valued at approximately $10,525,549.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 25,000 shares of company stock valued at $1,605,650 over the last ninety days. Company insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AAWW. Amalgamated Bank acquired a new position in Atlas Air Worldwide during the 3rd quarter valued at about $208,000. UBS Asset Management Americas Inc. acquired a new position in Atlas Air Worldwide during the 2nd quarter valued at about $201,000. New England Research & Management Inc. acquired a new position in Atlas Air Worldwide during the 3rd quarter valued at about $273,000. USA Financial Portformulas Corp acquired a new position in Atlas Air Worldwide during the 3rd quarter valued at about $339,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Atlas Air Worldwide during the 2nd quarter valued at about $285,000. 96.40% of the stock is owned by institutional investors and hedge funds.
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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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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