Atlas Air Worldwide (AAWW) Upgraded to Outperform by Cowen

Cowen upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a market perform rating to an outperform rating in a report published on Wednesday morning, Marketbeat reports. They currently have $72.00 target price on the transportation company’s stock, up from their prior target price of $62.00.

AAWW has been the topic of a number of other reports. Zacks Investment Research lowered shares of Atlas Air Worldwide from a hold rating to a sell rating in a research report on Thursday, November 9th. ValuEngine upgraded shares of Atlas Air Worldwide from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Stifel Nicolaus restated a hold rating and issued a $69.00 price target on shares of Atlas Air Worldwide in a research report on Tuesday, September 12th. 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. Two analysts have rated the stock with a hold rating, five have issued 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 an average target price of $70.33.

Atlas Air Worldwide (NASDAQ:AAWW) traded up $0.70 during trading hours on Wednesday, reaching $62.05. 518,897 shares of the company’s stock were exchanged, compared to its average volume of 239,459. The firm has a market capitalization of $1,568.81, a price-to-earnings ratio of 59.66 and a beta of 1.38. Atlas Air Worldwide has a 52-week low of $45.45 and a 52-week high of $68.70. 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 (NASDAQ:AAWW) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). The firm had revenue of $535.70 million during the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. Atlas Air Worldwide’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. analysts expect that Atlas Air Worldwide will post 4.59 earnings per share for the current fiscal year.

In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $59.75, for a total value of $240,613.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $58.60, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer now directly owns 166,958 shares of the company’s stock, valued at $9,783,738.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,222 shares of company stock valued at $1,491,498. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Atlas Air Worldwide by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,277,414 shares of the transportation company’s stock worth $118,767,000 after acquiring an additional 81,672 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 11,726 shares during the last quarter. FMR LLC raised its stake in shares of Atlas Air Worldwide by 22.7% during the second quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock worth $71,886,000 after buying an additional 254,743 shares during the last quarter. Towle & Co. raised its stake in shares of Atlas Air Worldwide by 3.6% during the third quarter. Towle & Co. now owns 684,333 shares of the transportation company’s stock worth $45,029,000 after buying an additional 23,575 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Atlas Air Worldwide by 2.4% during the second quarter. State Street Corp now owns 631,594 shares of the transportation company’s stock worth $32,939,000 after buying an additional 14,920 shares during the last quarter. 96.40% of the stock is owned by institutional investors.

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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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