Atlas Air Worldwide (AAWW) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a hold rating to a buy rating in a research note released on Wednesday. They currently have $60.00 price target on the transportation company’s 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. “

A number of other brokerages also recently issued reports on AAWW. Cowen restated a hold rating on shares of Atlas Air Worldwide in a report on Thursday, October 12th. Stifel Nicolaus reiterated a buy rating and set a $81.00 target price on shares of Atlas Air Worldwide in a report on Thursday, January 18th. BidaskClub upgraded Atlas Air Worldwide from a sell rating to a hold rating in a report on Thursday, January 11th. Finally, ValuEngine upgraded Atlas Air Worldwide from a buy rating to a strong-buy rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $70.00.

Atlas Air Worldwide (NASDAQ:AAWW) opened at $52.00 on Wednesday. Atlas Air Worldwide has a twelve month low of $45.45 and a twelve month high of $68.70. The stock has a market capitalization of $1,308.40, a PE ratio of 10.96 and a beta of 1.31. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21.

In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 4,027 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $59.75, for a total transaction of $240,613.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $61.95, for a total value of $309,750.00. Following the transaction, the chief executive officer now owns 161,958 shares in the company, valued at approximately $10,033,298.10. The disclosure for this sale can be found here. Insiders have sold a total of 19,222 shares of company stock worth $1,149,998 in the last quarter. Company insiders own 2.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of AAWW. UBS Asset Management Americas Inc. purchased a new position in shares of Atlas Air Worldwide during the 2nd quarter worth approximately $201,000. Amalgamated Bank bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter worth approximately $208,000. New England Research & Management Inc. bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter worth approximately $273,000. Piedmont Investment Advisors LLC bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter worth approximately $285,000. Finally, KBC Group NV bought a new stake in shares of Atlas Air Worldwide in the 4th quarter worth approximately $325,000.

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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).

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