Stephens analyst Jack Atkins reiterated a Hold rating on Atlas Air (NASDAQ: AAWW) on July 9 and set a price target of $77. The company’s shares closed yesterday at $70.50.
According to TipRanks.com, Atkins is a 3-star analyst with an average return of 4.0% and a 56.9% success rate. Atkins covers the Services sector, focusing on stocks such as Southwest Airlines, United Continental, and American Airlines.
Currently, the analyst consensus on Atlas Air is a Moderate Buy with an average price target of $78.
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Based on Atlas Air’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $9.61 million. In comparison, last year the company had a net profit of $38.94 million.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.
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Atlas Air Worldwide Holdings, Inc. is a holding company, which engages in the provision of outsourced aircraft and aviation operating services. It operates through the following segments: ACMI, Charter, and Dry Leasing. The ACMI segment offers aircraft, crew, maintenance, and insurance services to customers.
