Atlas Air Worldwide (AAWW) Lowered to “Sell” at BidaskClub
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.
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)
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