Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by analysts at Cowen from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $72.00 target price on the transportation company’s stock, up from their prior target price of $62.00. Cowen’s price objective points to a potential upside of 16.04% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on AAWW. Zacks Investment Research raised Atlas Air Worldwide from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. ValuEngine raised Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $69.00 price objective on shares of Atlas Air Worldwide in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Atlas Air Worldwide presently has a consensus rating of “Buy” and a consensus target price of $70.33.

Atlas Air Worldwide (AAWW) traded up $0.70 during trading hours on Wednesday, hitting $62.05. The company had a trading volume of 518,897 shares, compared to its average volume of 239,459. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1,568.81, a P/E ratio of 59.66 and a beta of 1.38. Atlas Air Worldwide has a 12 month low of $45.45 and a 12 month high of $68.70.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $535.70 million during the quarter, compared to analysts’ expectations of $521.29 million. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Atlas Air Worldwide’s quarterly revenue was up 19.6% on a year-over-year basis. equities research analysts predict that Atlas Air Worldwide will post 4.59 earnings per share for the current year.

In other news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $63.64, for a total transaction of $318,200.00. Following the transaction, the chief executive officer now owns 176,958 shares of the company’s stock, valued at $11,261,607.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Schwartz sold 4,027 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were 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 have sold 24,222 shares of company stock worth $1,491,498 over the last three months. 2.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAWW. FMR LLC grew its stake in shares of Atlas Air Worldwide by 22.7% during the second quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock valued at $71,886,000 after buying an additional 254,743 shares during the last quarter. Impala Asset Management LLC bought a new position in shares of Atlas Air Worldwide during the third quarter valued at approximately $13,303,000. Renaissance Technologies LLC grew its stake in shares of Atlas Air Worldwide by 194.1% during the second quarter. Renaissance Technologies LLC now owns 297,296 shares of the transportation company’s stock valued at $15,504,000 after buying an additional 196,196 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Atlas Air Worldwide during the third quarter valued at approximately $11,925,000. Finally, Cortina Asset Management LLC bought a new position in shares of Atlas Air Worldwide during the third quarter valued at approximately $8,774,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

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Atlas Air Worldwide Company Profile

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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