Atlas Air Worldwide (NASDAQ:AAWW)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a research report issued on Thursday. They currently have a $81.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 30.54% from the stock’s previous close.
Several other research firms have also issued reports on AAWW. Cowen restated a “hold” rating on shares of Atlas Air Worldwide in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, ValuEngine upgraded shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $71.50.
Atlas Air Worldwide (NASDAQ AAWW) traded up $0.55 during trading on Thursday, hitting $62.05. 252,915 shares of the stock traded hands, compared to its average volume of 247,607. The company has a market cap of $1,580.00, a price-to-earnings ratio of 37.84 and a beta of 1.38. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a 12-month low of $45.45 and a 12-month high of $68.70.
Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The firm 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 was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. equities analysts forecast that Atlas Air Worldwide will post 4.59 EPS for the current year.
In related 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 transaction of $306,050.00. Following the completion of the sale, the chief executive officer now owns 171,958 shares in the company, valued at approximately $10,525,549.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Schwartz sold 4,027 shares of Atlas Air Worldwide stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $59.75, for a total transaction of $240,613.25. The disclosure for this sale can be found here. Insiders have sold a total of 24,222 shares of company stock valued at $1,478,748 in the last quarter. 2.50% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AAWW. UBS Asset Management Americas Inc. bought a new stake in Atlas Air Worldwide during the 2nd quarter valued at about $201,000. Amalgamated Bank bought a new stake in Atlas Air Worldwide during the 3rd quarter valued at about $208,000. New England Research & Management Inc. bought a new stake in Atlas Air Worldwide during the 3rd quarter valued at about $273,000. Piedmont Investment Advisors LLC bought a new stake in Atlas Air Worldwide during the 2nd quarter valued at about $285,000. Finally, USA Financial Portformulas Corp bought a new stake in Atlas Air Worldwide during the 3rd quarter valued at about $339,000.
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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).
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