Air Transport Services Group Inc. (ATSG) Receives Consensus Rating of “Hold” from Analysts

Air Transport Services Group Inc. (NASDAQ:ATSG) has received a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.83.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Stifel Nicolaus reiterated a “hold” rating and set a $22.00 target price (up previously from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Stephens reiterated an “overweight” rating and set a $29.00 target price (up previously from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Finally, Cowen set a $27.00 target price on shares of Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th.

In related 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 directly owns 27,862 shares of the company’s stock, valued at $657,821.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider W Joseph Payne sold 7,500 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.37, for a total transaction of $175,275.00. Following the transaction, the insider now directly owns 162,560 shares of the company’s stock, valued at $3,799,027.20. The disclosure for this sale can be found here. Insiders have sold 25,012 shares of company stock valued at $591,523 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Castleark Management LLC purchased a new position in Air Transport Services Group during the second quarter worth about $8,242,000. State Street Corp raised its holdings in Air Transport Services Group by 7.1% during the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after purchasing an additional 66,711 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Air Transport Services Group by 189.3% during the second quarter. Goldman Sachs Group Inc. now owns 89,127 shares of the transportation company’s stock worth $1,941,000 after purchasing an additional 58,317 shares in the last quarter. Nicholas Investment Partners LP purchased a new position in Air Transport Services Group during the second quarter worth about $3,836,000. Finally, Uniplan Investment Counsel Inc. raised its holdings in Air Transport Services Group by 4.0% during the second quarter. Uniplan Investment Counsel Inc. now owns 654,249 shares of the transportation company’s stock worth $14,249,000 after purchasing an additional 25,449 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group (NASDAQ:ATSG) traded up $0.63 during midday trading on Friday, reaching $24.74. 684,000 shares of the company’s stock traded hands, compared to its average volume of 561,600. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. Air Transport Services Group has a one year low of $14.97 and a one year high of $26.75. The firm has a market capitalization of $1,425.41, a P/E ratio of -18.89 and a beta of 1.97.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The company had revenue of $254.10 million during the quarter, compared to the consensus estimate of $256.13 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Air Transport Services Group’s revenue for the quarter was up 31.5% on a year-over-year basis. sell-side analysts anticipate that Air Transport Services Group will post 0.86 earnings per share for the current year.

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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.

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

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