Atlas Air Worldwide’s (AAWW) “Outperform” Rating Reaffirmed at Cowen

Atlas Air Worldwide (NASDAQ:AAWW)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen in a research note issued to investors on Friday, Marketbeat reports. They presently have a $68.00 target price on the transportation company’s stock. Cowen’s price target points to a potential upside of 107.63% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 price target (down from $79.00) on shares of Atlas Air Worldwide in a research note on Friday, May 3rd. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Atlas Air Worldwide presently has a consensus rating of “Hold” and an average price target of $62.20.

Shares of Atlas Air Worldwide stock opened at $32.75 on Friday. The stock has a market cap of $846.65 million, a price-to-earnings ratio of 5.64 and a beta of 2.04. Atlas Air Worldwide has a twelve month low of $32.13 and a twelve month high of $65.75. The company has a 50-day moving average of $42.27. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.59.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.40). The company had revenue of $663.92 million during the quarter, compared to analysts’ expectations of $713.31 million. Atlas Air Worldwide had a net margin of 12.27% and a return on equity of 8.05%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share. On average, equities analysts anticipate that Atlas Air Worldwide will post 7.47 EPS for the current fiscal year.

In other Atlas Air Worldwide news, Director John K. Wulff acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $39.75 per share, for a total transaction of $198,750.00. Following the acquisition, the director now owns 24,979 shares in the company, valued at $992,915.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Schwartz sold 6,500 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $44.08, for a total transaction of $286,520.00. Following the completion of the sale, the chief financial officer now owns 54,741 shares of the company’s stock, valued at approximately $2,412,983.28. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AAWW. Macquarie Group Ltd. increased its holdings in shares of Atlas Air Worldwide by 0.8% during the 4th quarter. Macquarie Group Ltd. now owns 24,300 shares of the transportation company’s stock worth $1,025,000 after buying an additional 200 shares during the last quarter. Investors Research Corp increased its holdings in shares of Atlas Air Worldwide by 4.8% during the 2nd quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock worth $243,000 after buying an additional 250 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Atlas Air Worldwide by 0.8% during the 1st quarter. Arizona State Retirement System now owns 39,721 shares of the transportation company’s stock worth $2,008,000 after buying an additional 313 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of Atlas Air Worldwide by 4.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,269 shares of the transportation company’s stock worth $418,000 after buying an additional 322 shares during the last quarter. Finally, Laurion Capital Management LP increased its holdings in shares of Atlas Air Worldwide by 7.3% during the 1st quarter. Laurion Capital Management LP now owns 5,655 shares of the transportation company’s stock worth $286,000 after buying an additional 384 shares during the last quarter.

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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