Imperial Capital Reaffirms “Outperform” Rating for Atlas Air Worldwide (AAWW)
Atlas Air Worldwide (NASDAQ:AAWW)‘s stock had its “outperform” rating reiterated by equities researchers at Imperial Capital in a report issued on Friday, Marketbeat Ratings reports. They currently have a $84.00 target price on the transportation company’s stock, up from their previous target price of $82.00. Imperial Capital’s target price suggests a potential upside of 31.35% from the stock’s previous close. Imperial Capital also issued estimates for Atlas Air Worldwide’s Q2 2018 earnings at $1.18 EPS.
Other research analysts also recently issued research reports about the company. ValuEngine raised Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research raised Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Wednesday, February 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $81.00 price target on shares of Atlas Air Worldwide in a research note on Thursday, January 18th. BidaskClub raised Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Cowen raised Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $62.00 to $72.00 in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $73.00.
Shares of Atlas Air Worldwide (AAWW) opened at $63.95 on Friday. The company has a market cap of $1,620.00, a price-to-earnings ratio of 7.46 and a beta of 1.31. Atlas Air Worldwide has a 1 year low of $45.45 and a 1 year high of $68.70. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.80.
In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 151,958 shares of the company’s stock, valued at approximately $7,901,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $240,613.25. The disclosure for this sale can be found here. Insiders sold a total of 24,222 shares of company stock valued at $1,409,998 in the last three months. 2.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in AAWW. Emerald Advisers Inc. PA raised its stake in Atlas Air Worldwide by 192.2% in the 4th quarter. Emerald Advisers Inc. PA now owns 308,987 shares of the transportation company’s stock valued at $18,122,000 after purchasing an additional 203,231 shares during the last quarter. Impala Asset Management LLC acquired a new position in Atlas Air Worldwide in the 3rd quarter valued at about $13,303,000. SG Capital Management LLC acquired a new position in Atlas Air Worldwide in the 3rd quarter valued at about $11,925,000. Cortina Asset Management LLC acquired a new position in Atlas Air Worldwide in the 3rd quarter valued at about $8,774,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Atlas Air Worldwide in the 3rd quarter valued at about $8,412,000.
ILLEGAL ACTIVITY NOTICE: This report was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://theolympiareport.com/2018/02/23/atlas-air-worldwide-aaww-price-target-increased-to-84-00-by-analysts-at-imperial-capital.html.
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).
Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.