Air Transport Services Group (ATSG) Given a $26.00 Price Target at Stifel Nicolaus

Air Transport Services Group (NASDAQ:ATSG) has been assigned a $26.00 price objective by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, TipRanks reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 12.12% from the stock’s current price.

ATSG has been the subject of several other reports. Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. BidaskClub raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. ValuEngine cut Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Imperial Capital reissued an “outperform” rating and set a $28.00 price objective (down from $31.00) on shares of Air Transport Services Group in a report on Tuesday, March 5th. Finally, Susquehanna Bancshares raised Air Transport Services Group from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $21.00 to $30.00 in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Air Transport Services Group has an average rating of “Hold” and a consensus price target of $28.17.

ATSG stock traded down $0.45 during midday trading on Thursday, hitting $23.19. The stock had a trading volume of 164,584 shares, compared to its average volume of 450,915. The stock has a market cap of $1.39 billion, a P/E ratio of 18.55 and a beta of 0.94. Air Transport Services Group has a 52 week low of $17.06 and a 52 week high of $25.82. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.99 and a quick ratio of 0.98.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Tuesday, May 7th. The transportation company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $348.18 million during the quarter, compared to analysts’ expectations of $306.01 million. Air Transport Services Group had a return on equity of 20.87% and a net margin of 7.33%. Equities research analysts anticipate that Air Transport Services Group will post 1.26 EPS for the current year.

In related news, CEO Joseph C. Hete acquired 2,500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $20.04 per share, with a total value of $50,100.00. Following the completion of the acquisition, the chief executive officer now owns 670,195 shares in the company, valued at $13,430,707.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert K. Coretz acquired 25,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $20.05 per share, with a total value of $501,250.00. Following the completion of the acquisition, the director now owns 100,000 shares of the company’s stock, valued at approximately $2,005,000. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 65,475 shares of company stock valued at $1,370,581. Company insiders own 2.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at $30,000. Quantamental Technologies LLC acquired a new stake in shares of Air Transport Services Group in the first quarter valued at $50,000. Great West Life Assurance Co. Can acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at $73,000. Hsbc Holdings PLC acquired a new stake in shares of Air Transport Services Group in the first quarter valued at $202,000. Finally, Amalgamated Bank acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at $201,000. Institutional investors own 87.68% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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

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