Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $73.83.
A number of analysts have weighed in on the company. Susquehanna Bancshares set a $77.00 price target on Atlas Air Worldwide and gave the company a “buy” rating in a research report on Monday, February 26th. Stifel Nicolaus upped their price target on Atlas Air Worldwide from $81.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Imperial Capital reiterated an “outperform” rating and issued a $84.00 price target (up from $82.00) on shares of Atlas Air Worldwide in a research report on Friday, February 23rd. ValuEngine upgraded Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, February 7th.
In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $63.55, for a total value of $317,750.00. Following the transaction, the chief financial officer now owns 48,118 shares of the company’s stock, valued at $3,057,898.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Keith H. Mayer sold 864 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $61.69, for a total value of $53,300.16. The disclosure for this sale can be found here. In the last three months, insiders sold 34,168 shares of company stock worth $2,030,169. Insiders own 2.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. American International Group Inc. boosted its stake in Atlas Air Worldwide by 5.6% in the third quarter. American International Group Inc. now owns 18,681 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 989 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Atlas Air Worldwide by 2.3% during the third quarter. Rhumbline Advisers now owns 49,773 shares of the transportation company’s stock valued at $3,275,000 after acquiring an additional 1,107 shares during the period. Signia Capital Management LLC lifted its stake in shares of Atlas Air Worldwide by 1.9% during the third quarter. Signia Capital Management LLC now owns 67,711 shares of the transportation company’s stock valued at $4,455,000 after acquiring an additional 1,267 shares during the period. US Bancorp DE lifted its stake in shares of Atlas Air Worldwide by 24.5% during the fourth quarter. US Bancorp DE now owns 7,017 shares of the transportation company’s stock valued at $412,000 after acquiring an additional 1,382 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Atlas Air Worldwide by 4.0% during the third quarter. First Trust Advisors LP now owns 38,913 shares of the transportation company’s stock valued at $2,560,000 after acquiring an additional 1,487 shares during the period.
Shares of AAWW stock opened at $64.00 on Wednesday. Atlas Air Worldwide has a 1 year low of $45.45 and a 1 year high of $68.70. The firm has a market capitalization of $1,632.91, a price-to-earnings ratio of 9.64 and a beta of 1.17. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.80.
Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, February 22nd. The transportation company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. Atlas Air Worldwide had a return on equity of 8.27% and a net margin of 10.36%. The firm had revenue of $627.95 million for the quarter, compared to analysts’ expectations of $592.08 million. During the same period in the prior year, the business posted $2.24 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. equities research analysts anticipate that Atlas Air Worldwide will post 5.72 EPS for the current fiscal year.
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About Atlas Air Worldwide
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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