Atlas Air Worldwide (NASDAQ:AAWW) Price Target Raised to $51.00 at Stifel Nicolaus

Atlas Air Worldwide (NASDAQ:AAWW) had its target price increased by research analysts at Stifel Nicolaus from $50.00 to $51.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 23.73% from the stock’s current price.

AAWW has been the topic of several other research reports. ValuEngine downgraded shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Friday, May 8th. Susquehanna Bancshares upgraded shares of Atlas Air Worldwide from a “neutral” rating to a “positive” rating and set a $39.00 target price on the stock in a research note on Tuesday, April 21st. BidaskClub upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Cowen downgraded shares of Atlas Air Worldwide from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research note on Monday, June 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Atlas Air Worldwide has an average rating of “Buy” and an average price target of $40.40.

NASDAQ:AAWW opened at $41.22 on Tuesday. Atlas Air Worldwide has a one year low of $14.97 and a one year high of $47.70. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day simple moving average is $40.09 and its 200 day simple moving average is $29.66. The firm has a market capitalization of $1.02 billion, a P/E ratio of -3.67 and a beta of 1.66.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Thursday, May 7th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $1.10. The firm had revenue of $643.50 million for the quarter, compared to the consensus estimate of $627.68 million. Atlas Air Worldwide had a negative net margin of 8.88% and a positive return on equity of 7.15%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, equities research analysts expect that Atlas Air Worldwide will post 8.45 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in shares of Atlas Air Worldwide by 4.2% during the fourth quarter. Swiss National Bank now owns 12,400 shares of the transportation company’s stock valued at $342,000 after purchasing an additional 500 shares during the last quarter. Comerica Bank raised its holdings in shares of Atlas Air Worldwide by 3.2% during the first quarter. Comerica Bank now owns 25,019 shares of the transportation company’s stock valued at $744,000 after purchasing an additional 771 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Atlas Air Worldwide by 5.1% during the first quarter. Crossmark Global Holdings Inc. now owns 19,340 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 940 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Atlas Air Worldwide by 217.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,488 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in Atlas Air Worldwide by 8.3% during the fourth quarter. Guggenheim Capital LLC now owns 13,610 shares of the transportation company’s stock valued at $375,000 after buying an additional 1,041 shares during the last quarter. 96.44% of the stock is owned by hedge funds and other institutional investors.

About Atlas Air Worldwide

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

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