Atlas Air Worldwide Holdings (AAWW) Trading 2.2% Higher
Atlas Air Worldwide Holdings (NASDAQ:AAWW) shares traded up 2.2% during mid-day trading on Tuesday . The stock traded as high as $36.62 and last traded at $36.58, with a volume of 110,128 shares. The stock had previously closed at $35.81.
AAWW has been the subject of several research reports. RBC Capital Markets reissued a “sector perform” rating and issued a $44.00 target price (down from $49.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 4th. Cowen and Company boosted their target price on Atlas Air Worldwide Holdings from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, May 6th. Wolfe Research raised Atlas Air Worldwide Holdings from an “underperform” rating to a “market perform” rating in a report on Friday, May 6th. Royal Bank Of Canada boosted their target price on Atlas Air Worldwide Holdings from $41.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, May 6th. Finally, Stifel Nicolaus initiated coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 25th. They issued a “buy” rating and a $49.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Atlas Air Worldwide Holdings currently has a consensus rating of “Hold” and a consensus price target of $45.83.
The company’s market capitalization is $918.83 million. The company’s 50 day moving average is $38.46 and its 200-day moving average is $40.54.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by $0.13. During the same quarter in the previous year, the business earned $1.17 earnings per share. The business earned $443.30 million during the quarter, compared to the consensus estimate of $473.86 million. Atlas Air Worldwide Holdings’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts predict that Atlas Air Worldwide Holdings will post $4.47 earnings per share for the current year.
In related news, CEO William J. Flynn sold 10,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $45.01, for a total value of $450,100.00. Following the completion of the transaction, the chief executive officer now directly owns 182,135 shares in the company, valued at $8,197,896.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John K. Wulff purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was purchased at an average price of $35.90 per share, with a total value of $179,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $897,500. The disclosure for this purchase can be found here.
Atlas Air Worldwide Holdings, Inc, (AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas). The Company is a provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters.