Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Receives $77.00 Average Price Target from Analysts

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has received an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $77.00.

A number of brokerages have issued reports on AAWW. TheStreet upgraded Atlas Air Worldwide from a “c+” rating to a “b-” rating in a research report on Thursday, April 22nd. Zacks Investment Research raised Atlas Air Worldwide from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a report on Monday, May 17th. Truist began coverage on Atlas Air Worldwide in a report on Friday, April 16th. They set a “buy” rating and a $95.00 target price for the company. Susquehanna Bancshares reduced their target price on Atlas Air Worldwide from $87.00 to $80.00 and set a “positive” rating for the company in a report on Wednesday, February 17th. Finally, Truist Securities began coverage on Atlas Air Worldwide in a report on Friday, April 16th. They set a “buy” rating and a $95.00 target price for the company.

AAWW stock traded up $0.61 during mid-day trading on Tuesday, reaching $74.31. 503 shares of the company’s stock were exchanged, compared to its average volume of 479,904. The firm has a market capitalization of $2.16 billion, a P/E ratio of 4.92 and a beta of 1.31. The firm has a 50 day moving average of $70.26. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. Atlas Air Worldwide has a 12-month low of $38.02 and a 12-month high of $76.22.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Tuesday, May 4th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.65. The company had revenue of $861.30 million for the quarter, compared to the consensus estimate of $819.70 million. Atlas Air Worldwide had a return on equity of 19.62% and a net margin of 12.45%. Atlas Air Worldwide’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 earnings per share. Analysts predict that Atlas Air Worldwide will post 12.19 earnings per share for the current year.

In related news, Director William J. Flynn sold 5,000 shares of the stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $58.20, for a total value of $291,000.00. Following the completion of the sale, the director now owns 60,736 shares of the company’s stock, valued at $3,534,835.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Adam Richard Kokas sold 22,058 shares of the stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $62.50, for a total value of $1,378,625.00. Following the completion of the sale, the executive vice president now directly owns 54,958 shares of the company’s stock, valued at approximately $3,434,875. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,540 shares of company stock valued at $4,635,046. Insiders own 1.70% of the company’s stock.

Several large investors have recently bought and sold shares of AAWW. Hill City Capital LP acquired a new stake in shares of Atlas Air Worldwide in the fourth quarter valued at approximately $16,016,000. Donald Smith & CO. Inc. grew its position in Atlas Air Worldwide by 20.7% in the first quarter. Donald Smith & CO. Inc. now owns 1,436,577 shares of the transportation company’s stock worth $86,827,000 after acquiring an additional 246,109 shares during the period. Prelude Capital Management LLC purchased a new position in Atlas Air Worldwide in the fourth quarter worth approximately $13,147,000. Caas Capital Management LP purchased a new position in Atlas Air Worldwide in the first quarter worth approximately $14,421,000. Finally, Royce & Associates LP grew its position in Atlas Air Worldwide by 52.0% in the first quarter. Royce & Associates LP now owns 564,722 shares of the transportation company’s stock worth $34,132,000 after acquiring an additional 193,163 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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