Today: Today, Atlas Air Worldwide Holdings (AAWW) Given Average Recommendation of “Hold” by Brokerages

Today, Atlas Air Worldwide Holdings (AAWW) Given Average Recommendation of “Hold” by Brokerages

Atlas Air Worldwide Holdings (NASDAQ:AAWW) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $48.40.

AAWW has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 25th. They issued a “buy” rating and a $49.00 price target on the stock. Zacks Investment Research upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday, November 15th. Cowen and Company boosted their price target on shares of Atlas Air Worldwide Holdings from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Friday, November 4th. Imperial Capital started coverage on shares of Atlas Air Worldwide Holdings in a research note on Thursday, November 17th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $44.00 target price (down from $49.00) on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 4th.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 0.29% during mid-day trading on Friday, reaching $51.15. 55,947 shares of the company were exchanged. The stock’s market capitalization is $1.28 billion. Atlas Air Worldwide Holdings has a 12 month low of $31.99 and a 12 month high of $57.77. The firm has a 50-day moving average price of $44.57 and a 200 day moving average price of $41.77.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.05. The firm earned $448.02 million during the quarter, compared to analyst estimates of $474.76 million. Atlas Air Worldwide Holdings had a negative net margin of 1.37% and a positive return on equity of 6.45%. Atlas Air Worldwide Holdings’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. Equities research analysts anticipate that Atlas Air Worldwide Holdings will post $4.44 EPS for the current fiscal year.

In other Atlas Air Worldwide Holdings news, Director John K. Wulff purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was acquired at an average cost of $35.90 per share, with a total value of $179,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $897,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlackRock Group LTD increased its stake in Atlas Air Worldwide Holdings by 28.4% in the first quarter. BlackRock Group LTD now owns 21,788 shares of the company’s stock worth $921,000 after buying an additional 4,818 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Atlas Air Worldwide Holdings by 4.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 611,954 shares of the company’s stock worth $25,867,000 after buying an additional 25,712 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Atlas Air Worldwide Holdings during the first quarter worth $920,000. Panagora Asset Management Inc. increased its stake in Atlas Air Worldwide Holdings by 32.8% in the first quarter. Panagora Asset Management Inc. now owns 101,623 shares of the company’s stock worth $4,296,000 after buying an additional 25,083 shares during the period. Finally, Barnett & Company Inc. acquired a new stake in Atlas Air Worldwide Holdings during the first quarter worth $158,000. 98.93% of the stock is owned by institutional investors and hedge funds.

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