Air Transport Services Group (NASDAQ:ATSG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other research firms have also commented on ATSG. Stephens restated an “overweight” rating and issued a $29.00 price objective (up from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Stifel Nicolaus restated a “hold” rating and issued a $22.00 price objective (up from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen set a $27.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Air Transport Services Group currently has an average rating of “Hold” and an average price target of $24.86.

Shares of Air Transport Services Group (ATSG) traded up $0.04 on Friday, reaching $24.29. 438,250 shares of the company’s stock were exchanged, compared to its average volume of 584,618. The stock has a market cap of $1,436.05, a price-to-earnings ratio of 30.75 and a beta of 1.97. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97. Air Transport Services Group has a 1-year low of $14.97 and a 1-year high of $26.75.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $254.10 million during the quarter, compared to analyst estimates of $256.13 million. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. research analysts expect that Air Transport Services Group will post 0.86 earnings per share for the current fiscal year.

In other Air Transport Services Group news, Director Joseph Edward Roux sold 10,012 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.61, for a total transaction of $236,383.32. Following the completion of the transaction, the director now owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider W Joseph Payne sold 7,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total transaction of $181,500.00. Following the transaction, the insider now directly owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in ATSG. Advisor Group Inc. lifted its holdings in shares of Air Transport Services Group by 21.4% in the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 1,217 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Air Transport Services Group in the 2nd quarter worth about $168,000. First Mercantile Trust Co. purchased a new stake in Air Transport Services Group in the 2nd quarter worth about $169,000. SG Americas Securities LLC purchased a new stake in Air Transport Services Group in the 3rd quarter worth about $258,000. Finally, Prudential Financial Inc. purchased a new stake in Air Transport Services Group in the 3rd quarter worth about $262,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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