Atlas Air Worldwide Holdings, Inc. (AAWW) Sets All Time High; Strong Momentum for Holders

June 13, 2018 - By Peter Erickson

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Logo

The stock of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) reached all time high today, Jun, 13 and still has $76.55 target or 5.00 % above today’s $72.90 share price. This indicates more upside for the $1.86B company. This technical setup was reported by Barchart.com. If the $76.55 PT is reached, the company will be worth $93.15 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 1.49% or $1.1 during the last trading session, reaching $72.9. About 116,785 shares traded. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has risen 37.46% since June 14, 2017 and is uptrending. It has outperformed by 24.89% the S&P500.

Analysts await Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report earnings on August, 1. They expect $1.12 earnings per share, up 2.75 % or $0.03 from last year’s $1.09 per share. AAWW’s profit will be $28.62M for 16.27 P/E if the $1.12 EPS becomes a reality. After $0.86 actual earnings per share reported by Atlas Air Worldwide Holdings, Inc. for the previous quarter, Wall Street now forecasts 30.23 % EPS growth.

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Ratings Coverage

Among 4 analysts covering Atlas Air (NASDAQ:AAWW), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Atlas Air had 6 analyst reports since January 10, 2018 according to SRatingsIntel. As per Monday, January 8, the company rating was maintained by Stephens. Stifel Nicolaus maintained it with “Buy” rating and $81.0 target in Thursday, January 18 report. The company was maintained on Friday, February 23 by Stifel Nicolaus. The stock of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) earned “Hold” rating by Stephens on Thursday, February 22. The firm has “Buy” rating by Cowen & Co given on Wednesday, January 10. Susquehanna maintained it with “Buy” rating and $77.0 target in Monday, February 26 report.

More notable recent Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) news were published by: Seekingalpha.com which released: “Atlas Air: A Hidden Gem” on May 21, 2018, also Investorplace.com with their article: “5 Value Stocks With Enticing EV/EBITDA Ratios to Own Now” published on June 12, 2018, Nasdaq.com published: “Atlas Air Worldwide Endorses Preservation of United States–United Arab Emirates Open Skies” on May 18, 2018. More interesting news about Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) were released by: Nasdaq.com and their article: “Atlas Air Worldwide Elects Jane H. Lute and Sheila A. Stamps To Board of Directors” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Polar Air Cargo Worldwide Announces Lars Winkelbauer as Executive Vice President and Chief Operating Officer” with publication date: May 30, 2018.

Atlas Air Worldwide Holdings, Inc., through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. The company has market cap of $1.86 billion. It operates through three divisions: ACMI, Charter, and Dry Leasing. It has a 8.43 P/E ratio. The firm offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft to clients and value-added services, such as crew, maintenance, and insurance; and crew, maintenance, and insurance services for the customer providing aircraft.

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Institutional Positions Chart

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