Research Analysts’ Recent Ratings Changes for Atlas Air Worldwide Holdings (AAWW)

Atlas Air Worldwide Holdings (NASDAQ: AAWW) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Atlas Air Worldwide Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $74.00 price target on the stock. According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “
  • 8/3/2017 – Atlas Air Worldwide Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $70.00 price target on the stock, up previously from $60.00.
  • 8/1/2017 – Atlas Air Worldwide Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “
  • 7/31/2017 – Atlas Air Worldwide Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Atlas Air Worldwide Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “
  • 7/12/2017 – Atlas Air Worldwide Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – Atlas Air Worldwide Holdings had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $60.00 price target on the stock.

Atlas Air Worldwide Holdings (AAWW) traded down 2.51% during trading on Tuesday, hitting $64.00. 447,791 shares of the company’s stock were exchanged. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 27.35 and a beta of 1.45. Atlas Air Worldwide Holdings has a 12-month low of $34.22 and a 12-month high of $67.75. The company’s 50-day moving average price is $56.35 and its 200 day moving average price is $54.03.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million for the quarter, compared to analysts’ expectations of $500.44 million. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. Equities analysts forecast that Atlas Air Worldwide Holdings will post $4.76 earnings per share for the current fiscal year.

In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $52.20, for a total transaction of $261,000.00. Following the sale, the chief executive officer now owns 216,958 shares of the company’s stock, valued at approximately $11,325,207.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 25,000 shares of company stock worth $1,404,200. 2.50% of the stock is currently owned by corporate insiders.

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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