Air Transport Services Group (NASDAQ:ATSG) Earns “Buy” Rating from Stephens

Air Transport Services Group (NASDAQ:ATSG)‘s stock had its “buy” rating reissued by stock analysts at Stephens in a research report issued on Wednesday, January 10th. They presently have a $32.00 price target on the transportation company’s stock. Stephens’ price target would suggest a potential upside of 36.52% from the stock’s previous close.

Several other brokerages also recently commented on ATSG. Stifel Nicolaus reiterated a “hold” rating and set a $22.00 target price (up from $20.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. 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. ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.57.

Air Transport Services Group (NASDAQ ATSG) opened at $23.44 on Wednesday. Air Transport Services Group has a 12-month low of $15.34 and a 12-month high of $27.67. The firm has a market capitalization of $1,424.23, a PE ratio of -17.89 and a beta of 1.88. 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 (NASDAQ:ATSG) last released its quarterly earnings data on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. analysts predict that Air Transport Services Group will post 0.87 EPS for the current fiscal year.

In other news, CFO Quint O. Turner sold 7,500 shares of Air Transport Services Group stock in a transaction on Monday, January 8th. The stock was sold at an average price of $24.60, for a total transaction of $184,500.00. Following the transaction, the chief financial officer now owns 247,573 shares in the company, valued at $6,090,295.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group 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 transaction, the director now owns 27,862 shares in the company, valued at approximately $657,821.82. The disclosure for this sale can be found here. Insiders sold a total of 32,512 shares of company stock worth $776,023 in the last three months. Company insiders own 2.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Air Transport Services Group by 6.1% in the second 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 in the last quarter. Victory Capital Management Inc. grew its stake in Air Transport Services Group by 11.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,422,271 shares of the transportation company’s stock valued at $56,051,000 after purchasing an additional 241,320 shares in the last quarter. State Street Corp grew its stake in Air Transport Services Group by 7.1% in the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock valued at $21,794,000 after purchasing an additional 66,711 shares in the last quarter. Hodges Capital Management Inc. grew its stake in Air Transport Services Group by 36.5% in the third quarter. Hodges Capital Management Inc. now owns 908,615 shares of the transportation company’s stock valued at $22,116,000 after purchasing an additional 243,022 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Air Transport Services Group by 41.1% in the fourth quarter. Rice Hall James & Associates LLC now owns 811,725 shares of the transportation company’s stock valued at $18,783,000 after purchasing an additional 236,637 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

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About Air Transport Services Group

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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