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.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Atlas Air Worldwide from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research note on Wednesday, February 7th. Stifel Nicolaus reaffirmed a buy rating and issued a $81.00 price objective on shares of Atlas Air Worldwide in a research note on Thursday, January 18th. BidaskClub upgraded shares of Atlas Air Worldwide from a sell rating to a hold rating in a research report on Thursday, January 11th. Finally, Cowen upgraded shares of Atlas Air Worldwide from a market perform rating to an outperform rating and boosted their target price for the company from $62.00 to $72.00 in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $73.00.
Shares of Atlas Air Worldwide (AAWW) opened at $62.95 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.80. Atlas Air Worldwide has a 12 month low of $45.45 and a 12 month high of $68.70. The company has a market cap of $1,626.56, a price-to-earnings ratio of 9.48 and a beta of 1.31.
In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $61.95, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $59.75, for a total transaction of $240,613.25. The disclosure for this sale can be found here. Insiders have sold a total of 24,222 shares of company stock worth $1,409,998 in the last quarter. 2.50% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in AAWW. Emerald Advisers Inc. PA lifted its position in shares of Atlas Air Worldwide by 192.2% during the 4th quarter. Emerald Advisers Inc. PA now owns 308,987 shares of the transportation company’s stock valued at $18,122,000 after acquiring an additional 203,231 shares during the period. Impala Asset Management LLC acquired a new position in shares of Atlas Air Worldwide during the 3rd quarter valued at $13,303,000. SG Capital Management LLC acquired a new position in shares of Atlas Air Worldwide during the 3rd quarter valued at $11,925,000. Cortina Asset Management LLC acquired a new position in Atlas Air Worldwide during the third quarter worth $8,774,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Atlas Air Worldwide during the third quarter worth $8,412,000.
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About Atlas Air Worldwide
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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