Atlas Air Worldwide (AAWW) Raised to Sell at ValuEngine

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Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday. Deutsche Bank set a $66.00 price target on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Susquehanna Bancshares set a $77.00 price target on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Imperial Capital decreased their target price on shares of Atlas Air Worldwide from $91.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $72.67.

Shares of AAWW traded up $2.14 during mid-day trading on Wednesday, hitting $57.08. 262,026 shares of the company’s stock were exchanged, compared to its average volume of 266,671. The stock has a market capitalization of $1.41 billion, a P/E ratio of 11.58 and a beta of 1.52. Atlas Air Worldwide has a 52 week low of $48.19 and a 52 week high of $75.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.23.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.18. The company had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $664.70 million. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. On average, sell-side analysts anticipate that Atlas Air Worldwide will post 6.91 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc bought a new position in shares of Atlas Air Worldwide in the second quarter valued at $221,000. Janney Montgomery Scott LLC bought a new position in shares of Atlas Air Worldwide in the second quarter valued at $233,000. Paloma Partners Management Co bought a new position in shares of Atlas Air Worldwide in the second quarter valued at $238,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Atlas Air Worldwide in the second quarter valued at $344,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Atlas Air Worldwide in the second quarter valued at $388,000.

Atlas Air Worldwide Company Profile

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

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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