Atlas Air Worldwide’s (AAWW) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Atlas Air Worldwide (NASDAQ:AAWW) in a report published on Thursday morning. They currently have a $81.00 target price on the transportation company’s stock.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Atlas Air Worldwide from a hold rating to a sell rating in a research note on Thursday, November 9th. ValuEngine downgraded Atlas Air Worldwide from a strong-buy rating to a buy rating in a research note on Tuesday, November 14th. Cowen restated a hold rating on shares of Atlas Air Worldwide in a research note on Thursday, October 12th. Finally, BidaskClub upgraded Atlas Air Worldwide from a strong sell rating to a sell rating in a research note on Thursday, December 21st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Atlas Air Worldwide currently has an average rating of Buy and a consensus target price of $71.50.

Atlas Air Worldwide (NASDAQ:AAWW) traded up $0.55 on Thursday, hitting $62.05. The stock had a trading volume of 252,915 shares, compared to its average volume of 245,477. The company has a market cap of $1,568.81, a price-to-earnings ratio of 59.66 and a beta of 1.38. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a 52-week low of $45.45 and a 52-week high of $68.70.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The business had revenue of $535.70 million for the quarter, compared to analysts’ expectations of $521.29 million. During the same quarter last year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. research analysts forecast that Atlas Air Worldwide will post 4.59 earnings per share for the current fiscal year.

In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $61.21, for a total transaction of $306,050.00. Following the sale, the chief executive officer now owns 171,958 shares in the company, valued at approximately $10,525,549.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $59.75, for a total value of $240,613.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,222 shares of company stock worth $1,478,748. Company insiders own 2.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Atlas Air Worldwide by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,130,850 shares of the transportation company’s stock valued at $111,122,000 after buying an additional 11,726 shares during the period. FMR LLC lifted its holdings in shares of Atlas Air Worldwide by 22.7% in the 2nd quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock valued at $71,886,000 after buying an additional 254,743 shares during the period. Towle & Co. lifted its holdings in shares of Atlas Air Worldwide by 3.6% in the 3rd quarter. Towle & Co. now owns 684,333 shares of the transportation company’s stock valued at $45,029,000 after buying an additional 23,575 shares during the period. Finally, State Street Corp lifted its holdings in shares of Atlas Air Worldwide by 2.4% in the 2nd quarter. State Street Corp now owns 631,594 shares of the transportation company’s stock valued at $32,939,000 after buying an additional 14,920 shares during the period.

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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).

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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