Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by research analysts at BidaskClub from a "buy" rating to a "strong-buy" rating in a note issued to investors on Friday, BidAskClub reports.
Several other equities research analysts have also recently weighed in on AAWW. Cowen cut Atlas Air Worldwide from an "outperform" rating to a "market perform" rating and set a $44.00 target price for the company. in a report on Monday, June 8th. ValuEngine cut Atlas Air Worldwide from a "sell" rating to a "strong sell" rating in a report on Friday, May 8th. Stifel Nicolaus upped their price objective on Atlas Air Worldwide from $50.00 to $51.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Susquehanna Bancshares upgraded Atlas Air Worldwide from a "neutral" rating to a "positive" rating and set a $39.00 price objective for the company in a research note on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of "Buy" and a consensus target price of $40.40.
Shares of AAWW stock opened at $43.88 on Friday. Atlas Air Worldwide has a twelve month low of $14.97 and a twelve month high of $47.70. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.98 and a beta of 1.69. The stock has a fifty day simple moving average of $40.31 and a two-hundred day simple moving average of $29.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.37.
Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Thursday, May 7th. The transportation company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $1.10. Atlas Air Worldwide had a positive return on equity of 7.15% and a negative net margin of 8.88%. The business had revenue of $643.50 million during the quarter, compared to analysts' expectations of $627.68 million. During the same period in the prior year, the business earned $0.98 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. Research analysts predict that Atlas Air Worldwide will post 8.46 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Procyon Private Wealth Partners LLC purchased a new stake in shares of Atlas Air Worldwide during the 1st quarter worth $36,000. PNC Financial Services Group Inc. increased its position in Atlas Air Worldwide by 217.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,488 shares of the transportation company's stock valued at $41,000 after buying an additional 1,019 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Atlas Air Worldwide during the 1st quarter valued at about $58,000. UBS Group AG increased its position in Atlas Air Worldwide by 294.1% during the 1st quarter. UBS Group AG now owns 6,006 shares of the transportation company's stock valued at $154,000 after buying an additional 4,482 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in Atlas Air Worldwide during the 1st quarter valued at about $302,000. Hedge funds and other institutional investors own 96.44% of the company's stock.
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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