Cowen upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a market perform rating to an outperform rating in a report published on Wednesday, Marketbeat Ratings reports. Cowen currently has $72.00 price target on the transportation company’s stock, up from their prior price target of $62.00.

Several other research firms also recently weighed in on AAWW. ValuEngine downgraded Atlas Air Worldwide from a strong-buy rating to a buy rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded Atlas Air Worldwide from a buy rating to a hold rating in a report on Tuesday, October 10th. Stifel Nicolaus upgraded Atlas Air Worldwide from a hold rating to a buy rating and set a $69.00 price objective for the company in a report on Tuesday, November 7th. Finally, BidaskClub upgraded Atlas Air Worldwide from a strong sell rating to a sell rating in a report on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Atlas Air Worldwide presently has an average rating of Buy and an average target price of $70.33.

Atlas Air Worldwide (NASDAQ:AAWW) traded up $0.70 during trading hours on Wednesday, hitting $62.05. The stock had a trading volume of 518,897 shares, compared to its average volume of 239,459. Atlas Air Worldwide has a fifty-two week low of $45.45 and a fifty-two week high of $68.70. The company has a market capitalization of $1,568.81, a P/E ratio of 59.66 and a beta of 1.38. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The business had revenue of $535.70 million for the quarter, compared to the consensus estimate of $521.29 million. During the same quarter last year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. analysts forecast that Atlas Air Worldwide will post 4.59 EPS for the current fiscal year.

In other news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $64.50, for a total transaction of $322,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $59.75, for a total value of $240,613.25. The disclosure for this sale can be found here. Insiders sold 24,222 shares of company stock worth $1,491,498 in the last quarter. 2.50% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. New England Research & Management Inc. lifted its holdings in shares of Atlas Air Worldwide by 222.8% during the fourth quarter. New England Research & Management Inc. now owns 13,396 shares of the transportation company’s stock worth $786,000 after purchasing an additional 9,246 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Atlas Air Worldwide during the third quarter worth about $619,000. Impala Asset Management LLC acquired a new stake in shares of Atlas Air Worldwide during the third quarter worth about $13,303,000. Signia Capital Management LLC lifted its holdings in shares of Atlas Air Worldwide by 1.9% during the third quarter. Signia Capital Management LLC now owns 67,711 shares of the transportation company’s stock worth $4,455,000 after purchasing an additional 1,267 shares during the period. Finally, Pier Capital LLC acquired a new position in Atlas Air Worldwide in the third quarter valued at approximately $5,461,000. 96.40% of the stock is owned by hedge funds and other institutional investors.

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About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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