Deutsche Bank Analysts Give Atlas Air Worldwide (AAWW) a $66.00 Price Target

Deutsche Bank set a $66.00 price target on Atlas Air Worldwide (NASDAQ:AAWW) in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Atlas Air Worldwide from a hold rating to a sell rating in a research note on Tuesday, July 17th. Susquehanna Bancshares set a $77.00 price objective on Atlas Air Worldwide and gave the company a buy rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded Atlas Air Worldwide from a buy rating to a hold rating in a research note on Tuesday. ValuEngine downgraded Atlas Air Worldwide from a buy rating to a hold rating in a research note on Monday, July 16th. Finally, Imperial Capital dropped their price objective on Atlas Air Worldwide from $91.00 to $74.00 and set an outperform rating on the stock in a research note on Tuesday. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $72.67.

Shares of AAWW stock traded down $1.73 during trading on Wednesday, hitting $54.44. The company’s stock had a trading volume of 190,793 shares, compared to its average volume of 341,092. The firm has a market cap of $1.46 billion, a PE ratio of 11.04 and a beta of 1.52. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.23. Atlas Air Worldwide has a 52 week low of $48.19 and a 52 week high of $75.29.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.18. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The company had revenue of $656.61 million during the quarter, compared to analyst estimates of $664.70 million. During the same period in the prior year, the company posted $1.08 earnings per share. Atlas Air Worldwide’s quarterly revenue was up 22.6% on a year-over-year basis. On average, research analysts expect that Atlas Air Worldwide will post 7.01 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of AAWW. Legal & General Group Plc grew its stake in Atlas Air Worldwide by 6.7% in the 1st quarter. Legal & General Group Plc now owns 48,543 shares of the transportation company’s stock valued at $2,912,000 after acquiring an additional 3,059 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Atlas Air Worldwide by 3.0% during the first quarter. Principal Financial Group Inc. now owns 194,955 shares of the transportation company’s stock worth $11,785,000 after purchasing an additional 5,761 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Atlas Air Worldwide by 3.0% during the second quarter. Bank of Montreal Can now owns 56,738 shares of the transportation company’s stock worth $4,067,000 after purchasing an additional 1,668 shares during the last quarter. Sit Investment Associates Inc. raised its holdings in shares of Atlas Air Worldwide by 20.9% during the second quarter. Sit Investment Associates Inc. now owns 16,275 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 2,815 shares during the last quarter. Finally, Atwood & Palmer Inc. purchased a new position in shares of Atlas Air Worldwide during the second quarter worth $13,880,000.

About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.

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Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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