Atlas Air Worldwide (NASDAQ:AAWW) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

AAWW has been the subject of several other reports. TheStreet cut shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. 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. Imperial Capital decreased 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 report on Tuesday, November 6th. They noted that the move was a valuation call. Deutsche Bank started 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, ValuEngine upgraded shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 7th. Three research 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 a consensus target price of $72.67.

AAWW opened at $50.43 on Wednesday. Atlas Air Worldwide has a twelve month low of $48.19 and a twelve month 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 firm has a market cap of $1.39 billion, a PE ratio of 10.23 and a beta of 1.52.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, November 1st. The transportation company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $664.70 million. During the same period in the prior year, the company posted $1.08 earnings per share. Atlas Air Worldwide’s revenue for the quarter was up 22.6% compared to the same quarter last year. As a group, research analysts anticipate that Atlas Air Worldwide will post 7.05 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. CIBC Asset Management Inc acquired a new stake in Atlas Air Worldwide in 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.

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.

See Also: Initial Public Offering (IPO)

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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