Research analysts at Susquehanna Bancshares Inc started coverage on shares of Air Transport Services Group, Inc (NASDAQ:ATSG) in a note issued to investors on Thursday. The brokerage set a “neutral” rating and a $22.00 price target on the transportation company’s stock. Susquehanna Bancshares Inc’s price objective would indicate a potential downside of 3.93% from the stock’s current price.

Several other equities analysts have also recently weighed in on ATSG. TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Cowen and Company reissued an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research report on Friday, August 4th. Finally, Imperial Capital boosted their price objective on Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $23.13.

Shares of Air Transport Services Group (NASDAQ:ATSG) traded down 1.27% during mid-day trading on Thursday, hitting $22.61. The stock had a trading volume of 36,829 shares. The company has a 50 day moving average price of $23.38 and a 200 day moving average price of $20.11. Air Transport Services Group has a 12-month low of $12.94 and a 12-month high of $25.75. The firm’s market cap is $1.34 billion.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 43.4% compared to the same quarter last year. Equities analysts forecast that Air Transport Services Group will post $0.88 earnings per share for the current fiscal year.

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In other news, VP Matthew E. Fedders sold 4,102 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 24,842 shares in the company, valued at approximately $552,486.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Willem Mesdag sold 4,377,330 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,386,432 shares of company stock worth $98,353,567. Corporate insiders own 2.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ATSG. Nationwide Fund Advisors increased 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 during the last quarter. Tudor Investment Corp ET AL increased its position in shares of Air Transport Services Group by 1.1% in the second quarter. Tudor Investment Corp ET AL now owns 18,208 shares of the transportation company’s stock valued at $397,000 after buying an additional 206 shares during the last quarter. Legal & General Group Plc increased its position in shares of Air Transport Services Group by 4.3% in the second quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after buying an additional 510 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in shares of Air Transport Services Group by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock valued at $1,791,000 after buying an additional 899 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.

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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