FBR Capital Raises Price Target on Atlas Air Worldwide Holdings (AAWW)

By admin | 6 years ago

Equities researchers at FBR Capital (NASDAQ: FBCM) lifted their target price on shares of Atlas Air Worldwide Holdings (NASDAQ: AAWW) from $61.00 to $71.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock.

Atlas Air Worldwide Holdings traded down 1.39% on Friday, hitting $51.25. Atlas Air Worldwide Holdings has a 52-week low of $29.50 and a 52-week high of $69.66. The company has a market cap of $1.348 billion and a price-to-earnings ratio of 13.99.

Atlas Air Worldwide Holdings last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.35. Atlas Air Worldwide Holdings’s revenue was up 20.7% compared to the same quarter last year. Analysts expect that Atlas Air Worldwide Holdings will post $1.56 EPS next quarter.

A number of other firms have also recently commented on AAWW. Analysts at Stephens upgraded shares of Atlas Air Worldwide Holdings from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, March 13rd. Separately, analysts at Maxim Group downgraded shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note to investors on Thursday, February 16th. Finally, analysts at Dahlman Rose downgraded shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note to investors on Thursday, February 16th.

Atlas Air Worldwide Holdings, Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary, Atlas Air, Inc.

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