ValuEngine upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a strong sell rating to a sell rating in a report issued on Wednesday.

AAWW has been the subject of a number of other research reports. TheStreet cut Atlas Air Worldwide from a b- rating to a c+ rating in a report on Monday, October 29th. BidaskClub upgraded Atlas Air Worldwide from a strong sell rating to a sell rating in a report on Saturday, November 3rd. Wolfe Research cut Atlas Air Worldwide from a peer perform rating to an underperform rating in a report on Friday, October 5th. Deutsche Bank started coverage on Atlas Air Worldwide in a report on Tuesday, September 4th. They set a buy rating and a $76.00 price target for the company. Finally, Imperial Capital reduced their price target on Atlas Air Worldwide from $91.00 to $74.00 and set an outperform rating for the company in a report on Tuesday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $72.67.

Atlas Air Worldwide stock traded down $1.17 during midday trading on Wednesday, reaching $55.91. 77,103 shares of the company’s stock were exchanged, compared to its average volume of 355,147. Atlas Air Worldwide has a 52 week low of $48.19 and a 52 week high of $75.29. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $1.41 billion, a P/E ratio of 11.34 and a beta of 1.52.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.18. Atlas Air Worldwide had a return on equity of 10.20% and a net margin of 10.59%. The business had revenue of $656.61 million during the quarter, compared to analysts’ expectations of $664.70 million. During the same quarter last year, the company posted $1.08 earnings per share. Atlas Air Worldwide’s quarterly revenue was up 22.6% on a year-over-year basis. Research analysts forecast that Atlas Air Worldwide will post 7.01 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Tygh Capital Management Inc. lifted its position in Atlas Air Worldwide by 1.1% during the second quarter. Tygh Capital Management Inc. now owns 84,308 shares of the transportation company’s stock worth $6,045,000 after acquiring an additional 917 shares during the last quarter. Rhumbline Advisers lifted its position in Atlas Air Worldwide by 1.9% during the second quarter. Rhumbline Advisers now owns 60,517 shares of the transportation company’s stock worth $4,339,000 after acquiring an additional 1,102 shares during the last quarter. Verition Fund Management LLC lifted its position in Atlas Air Worldwide by 5.3% during the second quarter. Verition Fund Management LLC now owns 22,034 shares of the transportation company’s stock worth $1,580,000 after acquiring an additional 1,103 shares during the last quarter. Baird Financial Group Inc. lifted its position in Atlas Air Worldwide by 1.3% during the second quarter. Baird Financial Group Inc. now owns 89,231 shares of the transportation company’s stock worth $6,398,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Cubic Asset Management LLC lifted its position in Atlas Air Worldwide by 1.6% during the third quarter. Cubic Asset Management LLC now owns 73,585 shares of the transportation company’s stock worth $4,691,000 after acquiring an additional 1,150 shares during the last quarter.

About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.

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Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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