Air Transport Services Group (NASDAQ:ATSG) had its target price cut by Imperial Capital from $26.00 to $24.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a line rating on the transportation company’s stock. Imperial Capital also issued estimates for Air Transport Services Group’s Q3 2018 earnings at $0.32 EPS.
A number of other equities research analysts have also weighed in on ATSG. BidaskClub raised shares of Air Transport Services Group from a buy rating to a strong-buy rating in a report on Thursday, January 25th. Cowen boosted their target price on shares of Air Transport Services Group from $27.00 to $30.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. ValuEngine raised shares of Air Transport Services Group from a hold rating to a buy rating in a report on Thursday, March 1st. TheStreet raised shares of Air Transport Services Group from a c rating to a b rating in a report on Wednesday, February 28th. Finally, Susquehanna Bancshares set a $27.00 target price on shares of Air Transport Services Group and gave the stock a hold rating in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $27.00.
ATSG opened at $21.38 on Thursday. Air Transport Services Group has a fifty-two week low of $19.17 and a fifty-two week high of $27.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.99 and a current ratio of 1.12. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 19.80 and a beta of 1.85.
Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Tuesday, May 8th. The transportation company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.13. Air Transport Services Group had a net margin of 2.36% and a return on equity of 21.26%. The firm had revenue of $257.40 million for the quarter, compared to analyst estimates of $244.15 million. During the same period in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts forecast that Air Transport Services Group will post 1.26 EPS for the current fiscal year.
Air Transport Services Group announced that its board has approved a share buyback plan on Tuesday, February 27th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other news, COO Richard Francis Corrado sold 11,639 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $24.81, for a total value of $288,763.59. Following the sale, the chief operating officer now directly owns 103,374 shares of the company’s stock, valued at approximately $2,564,708.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Quint O. Turner sold 3,500 shares of the company’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $22.64, for a total transaction of $79,240.00. Following the completion of the sale, the chief financial officer now directly owns 243,874 shares in the company, valued at $5,521,307.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,739 shares of company stock worth $763,097. Insiders own 2.10% of the company’s stock.
Several large investors have recently bought and sold shares of ATSG. SG Americas Securities LLC bought a new stake in shares of Air Transport Services Group in the 1st quarter valued at $147,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Air Transport Services Group by 73.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,799 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 3,295 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Air Transport Services Group in the 1st quarter valued at $215,000. Bluestein R H & Co. bought a new stake in shares of Air Transport Services Group in the 1st quarter valued at $233,000. Finally, Paloma Partners Management Co bought a new stake in shares of Air Transport Services Group in the 4th quarter valued at $253,000. 86.39% of the stock is currently owned by institutional investors.
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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