BidaskClub Downgrades Atlas Air Worldwide (AAWW) to Sell

BidaskClub cut shares of Atlas Air Worldwide (NASDAQ:AAWW) from a hold rating to a sell rating in a report issued on Wednesday.

A number of other analysts also recently weighed in on the stock. Wolfe Research downgraded shares of Atlas Air Worldwide from a peer perform rating to an underperform rating in a report on Friday, October 5th. Deutsche Bank initiated coverage on shares of Atlas Air Worldwide in a report on Tuesday, September 4th. They set a buy rating and a $76.00 price target for the company. ValuEngine downgraded shares of Atlas Air Worldwide from a sell rating to a strong sell rating in a research note on Tuesday, October 9th. TheStreet downgraded shares of Atlas Air Worldwide from a b- rating to a c+ rating in a research note on Monday, October 29th. Finally, Imperial Capital dropped their price objective on shares of Atlas Air Worldwide from $91.00 to $74.00 and set an outperform rating for the company in a research note on Tuesday, November 6th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $72.67.

Shares of Atlas Air Worldwide stock opened at $50.66 on Wednesday. Atlas Air Worldwide has a 1-year low of $48.19 and a 1-year high of $75.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.23. The company has a market cap of $1.30 billion, a PE ratio of 7.70 and a beta of 1.52.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.18. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The company had revenue of $656.61 million during the quarter, compared to the consensus estimate of $664.70 million. During the same quarter in the prior year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. On average, research analysts forecast that Atlas Air Worldwide will post 7.05 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its stake in Atlas Air Worldwide by 9.6% in the 3rd quarter. Legal & General Group Plc now owns 56,722 shares of the transportation company’s stock valued at $3,613,000 after purchasing an additional 4,979 shares during the last quarter. Nordea Investment Management AB increased its position in Atlas Air Worldwide by 18.3% in the 3rd quarter. Nordea Investment Management AB now owns 90,044 shares of the transportation company’s stock valued at $5,742,000 after acquiring an additional 13,902 shares during the period. Glenmede Trust Co. NA increased its position in Atlas Air Worldwide by 717,148.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 487,729 shares of the transportation company’s stock valued at $31,091,000 after acquiring an additional 487,661 shares during the period. AQR Capital Management LLC increased its position in Atlas Air Worldwide by 10.4% in the 3rd quarter. AQR Capital Management LLC now owns 59,606 shares of the transportation company’s stock valued at $3,800,000 after acquiring an additional 5,627 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in Atlas Air Worldwide in the 3rd quarter valued at approximately $1,536,000.

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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