Atlas Air Worldwide (NASDAQ:AAWW) Rating Increased to Strong-Buy at BidaskClub

Debora Carley

Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday, BidAskClub reports. A number of other equities research analysts have also issued reports on AAWW. Cowen increased their target price on Atlas Air […]

Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday, BidAskClub reports.

A number of other equities research analysts have also issued reports on AAWW. Cowen increased their target price on Atlas Air Worldwide from $44.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Stifel Nicolaus increased their target price on Atlas Air Worldwide from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $41.40.

Shares of NASDAQ:AAWW opened at $60.54 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of -6.29 and a beta of 1.70. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $58.16 and a two-hundred day moving average of $41.42. Atlas Air Worldwide has a 12 month low of $14.97 and a 12 month high of $63.47.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Thursday, August 6th. The transportation company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $2.64. Atlas Air Worldwide had a positive return on equity of 13.46% and a negative net margin of 8.66%. The business had revenue of $825.30 million during the quarter, compared to analyst estimates of $758.42 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, research analysts anticipate that Atlas Air Worldwide will post 11.65 earnings per share for the current year.

In other Atlas Air Worldwide news, EVP Adam Richard Kokas sold 4,220 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $63.00, for a total transaction of $265,860.00. Following the transaction, the executive vice president now owns 58,048 shares of the company’s stock, valued at approximately $3,657,024. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John K. Wulff sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $60.45, for a total value of $120,900.00. In the last ninety days, insiders have sold 55,921 shares of company stock worth $3,310,662. 2.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management Inc. lifted its holdings in Atlas Air Worldwide by 69.5% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 145,100 shares of the transportation company’s stock worth $6,244,000 after buying an additional 59,500 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Atlas Air Worldwide by 11.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 115,784 shares of the transportation company’s stock worth $4,982,000 after acquiring an additional 11,954 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Atlas Air Worldwide by 139.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 428,454 shares of the transportation company’s stock worth $18,437,000 after acquiring an additional 249,353 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Atlas Air Worldwide by 142.3% in the 2nd quarter. Engineers Gate Manager LP now owns 48,848 shares of the transportation company’s stock worth $2,102,000 after acquiring an additional 28,685 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Atlas Air Worldwide by 10.5% in the 2nd quarter. California State Teachers Retirement System now owns 38,812 shares of the transportation company’s stock worth $1,670,000 after acquiring an additional 3,699 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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