Atlas Air Worldwide Holdings (AAWW) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $49. Stifel advised their investors in a research report released on Aug 26, 2016.
Many Wall Street Analysts have commented on Atlas Air Worldwide Holdings. Shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 44 from a previous price target of $49 .
On the company’s financial health, Atlas Air Worldwide Holdings reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.93. The company had revenue of $443.27 million for the quarter, compared to analysts expectations of $477.52 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 EPS.
Atlas Air Worldwide Holdings opened for trading at $34.96 and hit $35.4 on the upside on Tuesday, eventually ending the session at $35.04, with a gain of 0.98% or 0.34 points. The heightened volatility saw the trading volume jump to 1,78,758 shares. Company has a market cap of $870 M.
In a different news, on Aug 11, 2016, John K Wulff (director) purchased 10,000 shares at $35.07 per share price. According to the SEC, on Jun 7, 2016, William J Flynn (President & CEO) sold 10,000 shares at $45.01 per share price. On May 27, 2016, Keith H. Mayer (Vice President & Controller) sold 2,000 shares at $44.23 per share price, according to the Form-4 filing with the securities and exchange commission.
Atlas Air Worldwide Holdings Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary Atlas Air Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services operating a fleet of around 747 freighters as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI Charter and Dry Leasing. The ACMI segment provides aircraft crew maintenance and insurance services to customers. Also included in the ACMI segment is CMI which provides crew maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers including the air mobility command (AMC) brokers freight forwarders direct shippers airlines sports teams and fans and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers and operates through Titan a cargo aircraft dry lessor.