Atlas Air Worldwide Holdings, Inc. (AAWW) Stock Price Hits 52-Week High Today

May 17, 2018 - By Hazel Jackson

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

The stock of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) hit a new 52-week high and has $71.07 target or 3.00 % above today’s $69.00 share price. The 7 months bullish chart indicates low risk for the $1.76B company. The 1-year high was reported on May, 17 by Barchart.com. If the $71.07 price target is reached, the company will be worth $52.92M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.58% or $0.4 during the last trading session, reaching $69. About 20,678 shares traded. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has risen 13.89% since May 17, 2017 and is uptrending. It has outperformed by 2.34% the S&P500.

Analysts await Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) to report earnings on August, 1. They expect $1.11 earnings per share, up 1.83 % or $0.02 from last year’s $1.09 per share. AAWW’s profit will be $28.38 million for 15.54 P/E if the $1.11 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 29.07 % 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 has $85 highest and $68.0 lowest target. $75.75’s average target is 9.78% above currents $69 stock price. Atlas Air had 7 analyst reports since November 28, 2017 according to SRatingsIntel. As per Monday, January 8, the company rating was maintained by Stephens. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 23. Stifel Nicolaus maintained the shares of AAWW in report on Tuesday, November 28 with “Buy” rating. The company was maintained on Thursday, February 22 by Stephens. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, January 18. The firm has “Buy” rating by Susquehanna given on Monday, February 26. Cowen & Co upgraded the shares of AAWW in report on Wednesday, January 10 to “Buy” rating.

More news for Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) were recently published by: Nasdaq.com, which released: “Atlas Air Worldwide Places Second 747-400 Freighter With DHL Global Forwarding” on May 03, 2018. Seekingalpha.com‘s article titled: “Atlas Air Worldwide Holdings’ (AAWW) CEO William Flynn on Q1 2018 Results – Earnings Call Transcript” and published on May 03, 2018 is yet another important article.

Atlas Air Worldwide Holdings, Inc., through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. The company has market cap of $1.76 billion. It operates through three divisions: ACMI, Charter, and Dry Leasing. It has a 7.98 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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