Air Transport Services Group (NASDAQ:ATSG) Rating Reiterated by Stephens

Air Transport Services Group (NASDAQ:ATSG)‘s stock had its “buy” rating restated by investment analysts at Stephens in a research note issued to investors on Wednesday, January 10th. They currently have a $32.00 price target on the transportation company’s stock. Stephens’ target price would suggest a potential upside of 23.22% from the company’s current price.

ATSG has been the subject of a number of other research reports. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 price objective (up previously from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Cowen set a $27.00 price objective on Air Transport Services Group and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.57.

Shares of Air Transport Services Group (NASDAQ:ATSG) traded up $0.70 during trading hours on Wednesday, hitting $25.97. The stock had a trading volume of 694,074 shares, compared to its average volume of 397,732. Air Transport Services Group has a 12-month low of $14.97 and a 12-month high of $26.75. The company has a market cap of $1,535.37, a price-to-earnings ratio of 32.87 and a beta of 1.97. 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 earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The firm had revenue of $254.10 million during the quarter, compared to analyst estimates of $256.13 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. analysts forecast that Air Transport Services Group will post 0.87 earnings per share for the current fiscal year.

In other Air Transport Services Group news, insider W Joseph Payne sold 7,500 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.37, for a total transaction of $175,275.00. Following the sale, the insider now directly owns 162,560 shares in the company, valued at approximately $3,799,027.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Edward Roux sold 10,012 shares of the stock in a transaction 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 sale, the director now owns 27,862 shares in the company, valued at $657,821.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,512 shares of company stock worth $776,023. Company insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Air Transport Services Group by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock valued at $93,562,000 after purchasing an additional 245,120 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Air Transport Services Group by 91.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock valued at $53,084,000 after purchasing an additional 1,039,666 shares during the last quarter. State Street Corp boosted its stake in shares of Air Transport Services Group by 7.1% in the 2nd quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after buying an additional 66,711 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Air Transport Services Group by 36.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 908,615 shares of the transportation company’s stock worth $22,116,000 after buying an additional 243,022 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Air Transport Services Group by 14.7% in the 2nd quarter. Northern Trust Corp now owns 683,458 shares of the transportation company’s stock worth $14,885,000 after buying an additional 87,537 shares during the last quarter. Institutional investors and hedge funds 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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