Atlas Air Worldwide (AAWW) Downgraded by TheStreet

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.



Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Thursday, August 2nd. The transportation company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.50. The firm had revenue of $666.15 million during the quarter, compared to the consensus estimate of $634.93 million. Atlas Air Worldwide had a net margin of 7.18% and a return on equity of 9.80%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. On average, research analysts predict that Atlas Air Worldwide will post 6.87 EPS for the current year.

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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Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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