Air Transport Services Group (ATSG) Lowered to “Strong Sell” at ValuEngine

ValuEngine lowered shares of Air Transport Services Group (NASDAQ:ATSG) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.

Several other research firms have also commented on ATSG. BidaskClub lowered Air Transport Services Group from a hold rating to a sell rating in a research report on Wednesday, August 1st. Zacks Investment Research raised Air Transport Services Group from a hold rating to a strong-buy rating and set a $28.00 price target on the stock in a research report on Tuesday, July 10th. Stifel Nicolaus reissued a buy rating and set a $24.00 price target (down from $26.00) on shares of Air Transport Services Group in a research report on Wednesday, August 8th. Finally, Imperial Capital boosted their price target on Air Transport Services Group from $22.00 to $25.00 and gave the stock an in-line rating in a research report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $26.50.

Shares of NASDAQ:ATSG traded down $0.31 during trading on Thursday, reaching $20.18. 8,065 shares of the stock were exchanged, compared to its average volume of 408,404. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.91 and a current ratio of 1.06. Air Transport Services Group has a 12-month low of $19.17 and a 12-month high of $27.67. The stock has a market capitalization of $1.25 billion, a P/E ratio of 22.80 and a beta of 1.81.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, August 6th. The transportation company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $203.61 million for the quarter, compared to analyst estimates of $208.24 million. Air Transport Services Group had a return on equity of 20.53% and a net margin of 10.44%. Air Transport Services Group’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Analysts predict that Air Transport Services Group will post 1.33 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in ATSG. BlackRock Inc. raised its position in shares of Air Transport Services Group by 12.3% in the 2nd quarter. BlackRock Inc. now owns 3,784,017 shares of the transportation company’s stock valued at $85,481,000 after purchasing an additional 413,118 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at approximately $7,701,000. Millennium Management LLC raised its position in shares of Air Transport Services Group by 299.4% in the 1st quarter. Millennium Management LLC now owns 449,870 shares of the transportation company’s stock valued at $10,491,000 after purchasing an additional 337,224 shares in the last quarter. Private Capital Management LLC raised its position in shares of Air Transport Services Group by 26.9% in the 2nd quarter. Private Capital Management LLC now owns 1,215,399 shares of the transportation company’s stock valued at $27,456,000 after purchasing an additional 257,940 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its position in shares of Air Transport Services Group by 38.4% in the 2nd quarter. Emerald Advisers Inc. PA now owns 737,670 shares of the transportation company’s stock valued at $16,664,000 after purchasing an additional 204,647 shares in the last quarter. 88.26% 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.

Further Reading: Return on Investment (ROI) Defined, Explained

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Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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