Atlas Air Worldwide (AAWW) Lifted to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Several other equities research analysts also recently issued reports on the stock. Susquehanna Bancshares assumed coverage on shares of Atlas Air Worldwide in a research report on Thursday, August 17th. They set a positive rating and a $72.00 price objective for the company. BidaskClub cut shares of Atlas Air Worldwide from a hold rating to a sell rating in a research note on Friday, August 11th. Cowen reaffirmed an outperform rating and set a $70.00 price target (up from $60.00) on shares of Atlas Air Worldwide in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Atlas Air Worldwide from a hold rating to a sell rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus raised shares of Atlas Air Worldwide from a hold rating to a buy rating and set a $69.00 price target on the stock in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Atlas Air Worldwide presently has a consensus rating of Buy and a consensus price target of $70.00.

Shares of Atlas Air Worldwide (AAWW) opened at $58.90 on Friday. The stock has a market cap of $1,489.18, a price-to-earnings ratio of 12.48 and a beta of 1.38. Atlas Air Worldwide has a 52 week low of $45.45 and a 52 week high of $68.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). The firm had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. equities research analysts expect that Atlas Air Worldwide will post 4.64 earnings per share for the current fiscal year.

In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $66.19, for a total transaction of $330,950.00. Following the transaction, the chief executive officer now directly owns 191,958 shares in the company, valued at $12,705,700.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 25,000 shares of company stock worth $1,605,650 over the last three months. 2.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of AAWW. Vanguard Group Inc. grew its stake in shares of Atlas Air Worldwide by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,277,414 shares of the transportation company’s stock valued at $118,767,000 after purchasing an additional 81,672 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Atlas Air Worldwide by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,130,850 shares of the transportation company’s stock worth $111,122,000 after acquiring an additional 11,726 shares in the last quarter. FMR LLC raised its holdings in shares of Atlas Air Worldwide by 22.7% during the 2nd quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock worth $71,886,000 after acquiring an additional 254,743 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Atlas Air Worldwide by 20.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the transportation company’s stock worth $46,935,000 after acquiring an additional 150,000 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Atlas Air Worldwide by 6.0% during the 2nd quarter. LSV Asset Management now owns 835,583 shares of the transportation company’s stock worth $43,575,000 after acquiring an additional 47,661 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

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Atlas Air Worldwide Company Profile

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).

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

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