Brokerages Set Atlas Air Worldwide Holdings (AAWW) Target Price at $56.33

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $56.33.

Several analysts recently commented on the company. Stifel Nicolaus cut Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 price target for the company. in a research report on Thursday, April 27th. They noted that the move was a valuation call. Zacks Investment Research cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Monday, May 1st. TheStreet upgraded Atlas Air Worldwide Holdings from a “c” rating to a “b” rating in a report on Thursday, February 23rd. Cowen and Company reiterated a “market perform” rating and set a $60.00 price target (up from $55.00) on shares of Atlas Air Worldwide Holdings in a report on Friday, February 24th. Finally, Imperial Capital reiterated an “outperform” rating on shares of Atlas Air Worldwide Holdings in a report on Friday, March 17th.

Atlas Air Worldwide Holdings (AAWW) traded up 1.09% during midday trading on Monday, reaching $50.85. 223,104 shares of the company traded hands. The firm has a 50-day moving average of $51.08 and a 200-day moving average of $52.94. Atlas Air Worldwide Holdings has a 1-year low of $34.22 and a 1-year high of $60.10. The stock has a market capitalization of $1.28 billion, a P/E ratio of 31.96 and a beta of 1.38.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, May 3rd. The transportation company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $475.40 million during the quarter, compared to the consensus estimate of $451.72 million. Atlas Air Worldwide Holdings had a return on equity of 7.66% and a net margin of 2.12%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts predict that Atlas Air Worldwide Holdings will post $4.61 earnings per share for the current year.

In related news, EVP Adam Richard Kokas sold 15,596 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $58.51, for a total transaction of $912,521.96. Following the transaction, the executive vice president now owns 41,086 shares of the company’s stock, valued at approximately $2,403,941.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $55.40, for a total value of $277,000.00. Following the transaction, the chief executive officer now directly owns 241,958 shares in the company, valued at approximately $13,404,473.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,914 shares of company stock worth $4,222,860. 2.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AAWW. Ameritas Investment Partners Inc. purchased a new position in Atlas Air Worldwide Holdings during the first quarter valued at about $107,000. State of Alaska Department of Revenue raised its position in Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock valued at $153,000 after buying an additional 80 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Atlas Air Worldwide Holdings during the fourth quarter valued at about $203,000. A.R.T. Advisors LLC purchased a new position in Atlas Air Worldwide Holdings during the fourth quarter valued at about $203,000. Finally, KCG Holdings Inc. raised its position in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after buying an additional 849 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Mideast Time and is the property of of Mideast Time. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.mideasttime.com/brokerages-set-atlas-air-worldwide-holdings-aaww-target-price-at-56-33/1803736.html.

About Atlas Air Worldwide Holdings

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AAWW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Atlas Air Worldwide Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide Holdings and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.