Air Transport Services Group Inc. (NASDAQ:ATSG) has received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $25.80.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 10th. BidaskClub upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. ValuEngine lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Stifel Nicolaus upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $26.00 in a report on Thursday, June 28th. Finally, Imperial Capital restated an “in-line” rating and set a $24.00 price objective (down from $26.00) on shares of Air Transport Services Group in a report on Thursday, May 31st.
Large investors have recently modified their holdings of the stock. Aldebaran Financial Inc. acquired a new stake in shares of Air Transport Services Group during the first quarter worth $1,098,000. Emerald Advisers Inc. PA raised its holdings in shares of Air Transport Services Group by 38.4% during the second quarter. Emerald Advisers Inc. PA now owns 737,670 shares of the transportation company’s stock worth $16,664,000 after acquiring an additional 204,647 shares during the period. SG Capital Management LLC acquired a new stake in Air Transport Services Group in the 2nd quarter valued at $7,701,000. Rothschild Asset Management Inc. increased its stake in Air Transport Services Group by 4.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 306,484 shares of the transportation company’s stock valued at $6,923,000 after buying an additional 13,523 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Air Transport Services Group in the 2nd quarter valued at $2,046,000. Institutional investors and hedge funds own 88.30% of the company’s stock.
Shares of NASDAQ ATSG traded down $0.08 during midday trading on Wednesday, reaching $22.31. 2,963 shares of the stock were exchanged, compared to its average volume of 224,560. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 24.59 and a beta of 1.87. Air Transport Services Group has a 12 month low of $19.17 and a 12 month high of $27.67. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 1.16.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 6th. The transportation company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Air Transport Services Group had a net margin of 10.44% and a return on equity of 20.53%. The business had revenue of $203.61 million for the quarter, compared to analyst estimates of $208.24 million. During the same period last year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. research analysts anticipate that Air Transport Services Group will post 1.34 EPS for the current fiscal year.
About Air Transport Services Group
Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through three segments: ACMI Services, Ground Services and CAM. The ACMI Services segment includes the cargo transportation operations of its three airlines.
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