Air Transport Services Group (NASDAQ:ATSG)‘s stock had its “buy” rating reissued by stock analysts at Stephens in a note issued to investors on Wednesday. They currently have a $32.00 price objective on the transportation company’s stock. Stephens’ price target points to a potential upside of 34.17% from the company’s previous close.

A number of other equities research analysts also recently weighed in on ATSG. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research report on Tuesday, September 12th. Cowen set a $27.00 target price on shares of Air Transport Services Group and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.57.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at $23.85 on Wednesday. The firm has a market cap of $1,410.00, a PE ratio of -18.93 and a beta of 1.97. Air Transport Services Group has a 1 year low of $14.97 and a 1 year high of $26.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.97 and a quick ratio of 0.87.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data 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. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The business 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 earned $0.14 EPS. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities research analysts forecast 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 company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.61, for a total value of $236,383.32. Following the transaction, the director now owns 27,862 shares in the company, valued at approximately $657,821.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Quint O. Turner sold 6,750 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $23.98, for a total transaction of $161,865.00. Following the transaction, the chief financial officer now owns 264,425 shares in the company, valued at approximately $6,340,911.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,512 shares of company stock valued at $776,023. 2.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in Air Transport Services Group by 79.2% in the 1st quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock valued at $50,323,000 after purchasing an additional 1,386,101 shares during the period. Victory Capital Management Inc. increased its position in shares of Air Transport Services Group by 16,471.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock worth $24,857,000 after purchasing an additional 1,134,398 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Air Transport Services Group during the 2nd quarter worth about $14,497,000. River Road Asset Management LLC increased its position in shares of Air Transport Services Group by 38.4% during the 4th quarter. River Road Asset Management LLC now owns 2,070,683 shares of the transportation company’s stock worth $20,872,000 after purchasing an additional 574,253 shares in the last quarter. Finally, Allianz Asset Management AG increased its position in shares of Air Transport Services Group by 56.0% during the 4th quarter. Allianz Asset Management AG now owns 1,376,369 shares of the transportation company’s stock worth $21,967,000 after purchasing an additional 494,291 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

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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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