Analysts Set Atlas Air Worldwide Holdings, Inc. (AAWW) Price Target at $73.83

Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) have been given an average rating of “Buy” by the eight ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $73.83.

Several equities research analysts have weighed in on AAWW shares. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, February 7th. ValuEngine upgraded Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. BidaskClub upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Stifel Nicolaus increased their price objective on Atlas Air Worldwide from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Cowen upgraded Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and raised their target price for the company from $62.00 to $72.00 in a research note on Wednesday, January 10th.

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AAWW stock traded up $1.05 during midday trading on Wednesday, reaching $60.00. The company’s stock had a trading volume of 194,718 shares, compared to its average volume of 283,874. Atlas Air Worldwide has a 1-year low of $45.45 and a 1-year high of $68.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.12. The stock has a market cap of $1,499.38, a PE ratio of 9.04 and a beta of 1.17.

Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings data on Thursday, February 22nd. The transportation company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. Atlas Air Worldwide had a return on equity of 8.27% and a net margin of 10.36%. The business had revenue of $627.95 million during the quarter, compared to analysts’ expectations of $592.08 million. During the same quarter last year, the business posted $2.24 EPS. The business’s revenue was up 18.5% on a year-over-year basis. equities analysts forecast that Atlas Air Worldwide will post 5.72 EPS for the current year.

In other news, CEO William J. Flynn sold 4,277 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $60.85, for a total value of $260,255.45. Following the completion of the transaction, the chief executive officer now owns 151,958 shares in the company, valued at approximately $9,246,644.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Schwartz sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $63.55, for a total value of $317,750.00. Following the completion of the transaction, the chief financial officer now owns 48,118 shares of the company’s stock, valued at approximately $3,057,898.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,141 shares of company stock valued at $1,789,556. 2.50% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Amalgamated Bank purchased a new position in Atlas Air Worldwide during the third quarter valued at $208,000. Investors Research Corp purchased a new position in Atlas Air Worldwide during the fourth quarter valued at $305,000. KBC Group NV purchased a new position in Atlas Air Worldwide during the fourth quarter valued at $325,000. Alambic Investment Management L.P. purchased a new position in Atlas Air Worldwide during the fourth quarter valued at $364,000. Finally, ProVise Management Group LLC purchased a new position in Atlas Air Worldwide during the third quarter valued at $369,000.

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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).

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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