Atlas Air Worldwide (AAWW) Stock Rating Upgraded by Zacks Investment Research

Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Several other equities analysts also recently commented on AAWW. ValuEngine upgraded shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. BidaskClub upgraded shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. Cowen restated a “hold” rating on shares of Atlas Air Worldwide in a research note on Thursday, October 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $69.00 target price on shares of Atlas Air Worldwide in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned 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 price target of $70.33.

Atlas Air Worldwide (NASDAQ AAWW) opened at $60.65 on Tuesday. The company has a market cap of $1,530.00, a PE ratio of 36.98 and a beta of 1.38. Atlas Air Worldwide has a fifty-two week low of $45.45 and a fifty-two week 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 issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). The firm had revenue of $535.70 million for the quarter, compared to the consensus estimate of $521.29 million. Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. equities analysts predict that Atlas Air Worldwide will post 4.58 earnings per share for the current fiscal year.

In related news, CFO Spencer Schwartz sold 4,027 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $63.64, for a total transaction of $318,200.00. Following the sale, the chief executive officer now directly owns 176,958 shares of the company’s stock, valued at approximately $11,261,607.12. The disclosure for this sale can be found here. Insiders sold a total of 24,222 shares of company stock valued at $1,491,498 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. purchased a new stake in Atlas Air Worldwide during the second quarter valued at approximately $201,000. Amalgamated Bank purchased a new stake in Atlas Air Worldwide during the third quarter valued at approximately $208,000. New England Research & Management Inc. purchased a new stake in Atlas Air Worldwide during the third quarter valued at approximately $273,000. Piedmont Investment Advisors LLC purchased a new stake in Atlas Air Worldwide during the second quarter valued at approximately $285,000. Finally, USA Financial Portformulas Corp purchased a new stake in Atlas Air Worldwide during the third quarter valued at approximately $339,000. 96.40% of the stock is owned by institutional investors.

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About Atlas Air Worldwide

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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