Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) have received an average recommendation of “Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $22.20.

Several analysts recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a report on Friday. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company restated an “outperform” rating on shares of Air Transport Services Group in a report on Monday, May 15th. Finally, Imperial Capital increased their price target on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, May 15th.

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In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the sale, the insider now owns 185,452 shares in the company, valued at $4,547,283.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the sale, the vice president now owns 24,842 shares in the company, valued at approximately $552,486.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,469,692 shares of company stock worth $100,266,430. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in Air Transport Services Group during the first quarter worth $385,000. Rice Hall James & Associates LLC raised its position in shares of Air Transport Services Group by 42.3% in the first quarter. Rice Hall James & Associates LLC now owns 163,369 shares of the transportation company’s stock valued at $2,622,000 after buying an additional 48,541 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after buying an additional 189 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Air Transport Services Group by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 384,032 shares of the transportation company’s stock valued at $6,163,000 after buying an additional 29,943 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Air Transport Services Group by 423.2% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 512,489 shares of the transportation company’s stock valued at $8,225,000 after buying an additional 414,539 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

Air Transport Services Group (ATSG) traded down 5.89% on Tuesday, hitting $23.66. 1,384,328 shares of the company’s stock traded hands. The stock has a market cap of $1.41 billion, a P/E ratio of 64.29 and a beta of 2.01. Air Transport Services Group has a 12 month low of $12.94 and a 12 month high of $25.62. The stock has a 50 day moving average price of $23.13 and a 200-day moving average price of $19.63.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a return on equity of 11.82% and a net margin of 3.05%. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Equities analysts predict that Air Transport Services Group will post $0.96 earnings per share for the current fiscal year.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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