Atlas Air Worldwide (NASDAQ:AAWW) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Monday.
Several other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. BidaskClub upgraded shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Wolfe Research cut shares of Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a research report on Friday, October 5th. Deutsche Bank initiated coverage on shares of Atlas Air Worldwide in a research report on Tuesday, September 4th. They set a “buy” rating and a $76.00 price objective for the company. Finally, Susquehanna Bancshares set a $77.00 price objective on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $78.67.
AAWW stock opened at $48.80 on Monday. The firm has a market cap of $1.30 billion, a PE ratio of 9.90 and a beta of 1.17. Atlas Air Worldwide has a 52-week low of $48.19 and a 52-week high of $75.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.27.
Several institutional investors and hedge funds have recently bought and sold shares of AAWW. CIBC Asset Management Inc acquired a new stake in shares of Atlas Air Worldwide during the second quarter worth $221,000. Janney Montgomery Scott LLC acquired a new stake in Atlas Air Worldwide in the second quarter worth $233,000. Paloma Partners Management Co acquired a new stake in Atlas Air Worldwide in the second quarter worth $238,000. Thompson Siegel & Walmsley LLC acquired a new stake in Atlas Air Worldwide in the second quarter worth $344,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Atlas Air Worldwide in the second quarter worth $388,000.
Atlas Air Worldwide Company Profile
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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