Atlas Air Worldwide Holdings (NASDAQ: AAWW) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.
Separately, analysts at FBR Capital (NASDAQ: FBCM) upgraded shares of Atlas Air Worldwide Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 26th. They now have a $56.00 price target on the stock, up previously from $42.00. Also, analysts at Maxim Group initiated coverage on shares of Atlas Air Worldwide Holdings in a research note to investors on Friday, December 2nd. They set a “buy” rating and a $51.00 price target on the stock.
Atlas Air Worldwide Holdings, Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary, Atlas Air, Inc. (Atlas). It operates through four business segments: ACMI, AMC Charter, Commercial Charter and Dry Leasing. As of December 31, 2009, AAWW managed and operated a fleet of 747 freighters. AAWW’s primary service offerings are aircraft leasing and outsourcing services for wide-body freighter aircraft, which consists of ACMI, whereby the Company provides outsourced aircraft operating solutions, including the provision of crew, maintenance and insurance for the aircraft, and Dry Leasing, whereby it provides aircraft and/or engine leasing solutions to third parties. It primary service offerings also includes charter services, which consists of AMC Charter services, whereby AAWW provides air cargo services for the AMC, and Commercial Charter, whereby the Company typically provides aircraft charters to brokers, freight forwarders, direct shippers and airlines.
Atlas Air Worldwide Holdings opened at 49.06 on Thursday. Atlas Air Worldwide Holdings has a 52-week low of $29.50 and a 52-week high of $73.19. The stock has a 50-day moving average of $40.98 and a 200-day moving average of $41.45. The company has a market cap of $1.290 billion and a price-to-earnings ratio of 12.41.
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