ValuEngine downgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a sell rating to a strong sell rating in a report released on Tuesday.

Other research analysts also recently issued reports about the company. Deutsche Bank started coverage on Atlas Air Worldwide in a research note on Tuesday, September 4th. They issued a buy rating and a $76.00 price objective on the stock. Susquehanna Bancshares set a $77.00 price objective on Atlas Air Worldwide and gave the company a buy rating in a research note on Friday, August 3rd. BidaskClub raised Atlas Air Worldwide from a hold rating to a buy rating in a research note on Monday, June 18th. Finally, Wolfe Research downgraded Atlas Air Worldwide from a peer perform rating to an underperform rating in a research note on Friday, October 5th. Three investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Atlas Air Worldwide currently has a consensus rating of Hold and an average price target of $78.67.

Shares of NASDAQ:AAWW opened at $53.13 on Tuesday. The stock has a market capitalization of $1.63 billion, a PE ratio of 10.78 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.72. Atlas Air Worldwide has a 1 year low of $50.65 and a 1 year high of $75.29.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Thursday, August 2nd. The transportation company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.50. The company had revenue of $666.15 million for the quarter, compared to the consensus estimate of $634.93 million. Atlas Air Worldwide had a return on equity of 9.80% and a net margin of 7.18%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. On average, equities research analysts forecast that Atlas Air Worldwide will post 6.87 EPS for the current fiscal year.

In related news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $67.05, for a total transaction of $335,250.00. Following the transaction, the chief executive officer now directly owns 111,958 shares of the company’s stock, valued at approximately $7,506,783.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of AAWW. Hood River Capital Management LLC acquired a new position in Atlas Air Worldwide during the 2nd quarter worth approximately $27,059,000. Atwood & Palmer Inc. acquired a new position in Atlas Air Worldwide during the 2nd quarter worth approximately $13,880,000. Millennium Management LLC raised its stake in Atlas Air Worldwide by 112.5% during the 1st quarter. Millennium Management LLC now owns 211,900 shares of the transportation company’s stock worth $12,809,000 after buying an additional 112,187 shares during the period. Russell Investments Group Ltd. raised its stake in Atlas Air Worldwide by 64.4% during the 1st quarter. Russell Investments Group Ltd. now owns 188,410 shares of the transportation company’s stock worth $11,389,000 after buying an additional 73,790 shares during the period. Finally, Towle & Co. raised its stake in Atlas Air Worldwide by 9.5% during the 2nd quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock worth $59,632,000 after buying an additional 72,320 shares during the period.

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.

Recommended Story: Stock Split

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.