Recent Investment Analysts’ Ratings Updates for Air Transport Services Group (ATSG)

Air Transport Services Group (NASDAQ: ATSG) has recently received a number of price target changes and ratings updates:

  • 3/5/2018 – Air Transport Services Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “AIR TRANSPORT SERVICES GROUP, INC. is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG subsidiaries include ABX Air, Inc., Air Transport International, LLC, Cargo Aircraft Management, Inc., Capital Cargo International Airlines, Inc., and LGSTX Services, Inc. “
  • 3/2/2018 – Air Transport Services Group was given a new $27.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.
  • 3/1/2018 – Air Transport Services Group had its “in-line” rating reaffirmed by analysts at Imperial Capital. They now have a $26.00 price target on the stock, up previously from $23.00.
  • 3/1/2018 – Air Transport Services Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/28/2018 – Air Transport Services Group had its price target raised by analysts at Cowen Inc from $27.00 to $30.00. They now have an “outperform” rating on the stock.
  • 2/28/2018 – Air Transport Services Group was upgraded by analysts at TheStreet from a “c” rating to a “b” rating.
  • 2/20/2018 – Air Transport Services Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/14/2018 – Air Transport Services Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/31/2018 – Air Transport Services Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/25/2018 – Air Transport Services Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Air Transport Services Group Inc. (NASDAQ ATSG) traded up $0.20 on Friday, hitting $25.30. The stock had a trading volume of 243,908 shares, compared to its average volume of 553,410. The stock has a market capitalization of $1,489.09, a P/E ratio of -114.99 and a beta of 1.74. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 1.00. Air Transport Services Group Inc. has a 1 year low of $15.34 and a 1 year high of $27.67.

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Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Tuesday, February 27th. The transportation company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $322.97 million for the quarter, compared to the consensus estimate of $270.16 million. Air Transport Services Group had a return on equity of 18.48% and a net margin of 1.73%. analysts expect that Air Transport Services Group Inc. will post 1.3 earnings per share for the current year.

In other news, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.37, for a total value of $175,275.00. Following the transaction, the insider now owns 162,560 shares in the company, valued at $3,799,027.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Quint O. Turner sold 4,900 shares of Air Transport Services Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $23.34, for a total value of $114,366.00. Following the completion of the transaction, the chief financial officer now owns 242,673 shares in the company, valued at approximately $5,663,987.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,289 shares of company stock worth $1,162,480. Company insiders own 2.20% of the company’s stock.

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.

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