Atlas Air Worldwide (NASDAQ:AAWW) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a strong sell rating to a sell rating in a research note published on Saturday, March 30th, BidAskClub reports.

A number of other research firms have also recently issued reports on AAWW. Imperial Capital restated an outperform rating and set a $79.00 price target (up from $76.00) on shares of Atlas Air Worldwide in a report on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Atlas Air Worldwide from a hold rating to a sell rating in a research note on Thursday, January 17th. ValuEngine upgraded shares of Atlas Air Worldwide from a strong sell rating to a sell rating in a research note on Tuesday, January 29th. Finally, Stifel Nicolaus set a $68.00 target price on shares of Atlas Air Worldwide and gave the company a buy rating in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Atlas Air Worldwide presently has an average rating of Hold and a consensus target price of $70.40.

Shares of NASDAQ AAWW traded up $0.14 during mid-day trading on Friday, reaching $50.06. The company had a trading volume of 93,671 shares, compared to its average volume of 266,487. Atlas Air Worldwide has a twelve month low of $35.59 and a twelve month high of $75.29. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.29 billion, a PE ratio of 6.89 and a beta of 1.83.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Tuesday, February 19th. The transportation company reported $3.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.22. The firm had revenue of $765.00 million for the quarter, compared to the consensus estimate of $756.48 million. Atlas Air Worldwide had a net margin of 10.10% and a return on equity of 10.91%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. As a group, analysts predict that Atlas Air Worldwide will post 7.54 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Group One Trading L.P. increased its holdings in shares of Atlas Air Worldwide by 122.4% in the fourth quarter. Group One Trading L.P. now owns 583 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 3,183 shares in the last quarter. Quantamental Technologies LLC bought a new position in Atlas Air Worldwide in the fourth quarter valued at approximately $38,000. Flinton Capital Management LLC boosted its stake in Atlas Air Worldwide by 26.6% in the fourth quarter. Flinton Capital Management LLC now owns 3,120 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 656 shares during the last quarter. 6 Meridian bought a new position in Atlas Air Worldwide in the first quarter valued at approximately $213,000. Finally, Marshall Wace LLP bought a new position in shares of Atlas Air Worldwide during the third quarter worth $305,000.

About Atlas Air Worldwide

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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