Air Transport Services Group (ATSG) Trading Up 5.2%

Air Transport Services Group Inc. (NASDAQ:ATSG)’s share price was up 5.2% during trading on Tuesday . The stock traded as high as $19.20 and last traded at $19.17. Approximately 930,662 shares changed hands during trading, an increase of 117% from the average daily volume of 429,125 shares. The stock had previously closed at $18.22.

Several equities analysts have recently commented on ATSG shares. BidaskClub lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. 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 target for the company in a research report on Tuesday, July 10th. Imperial Capital reduced their price objective on shares of Air Transport Services Group from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Air Transport Services Group in a report on Wednesday, August 8th. Finally, ValuEngine downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.50.

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.30 and a beta of 1.85. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 2nd. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $204.90 million during the quarter, compared to analyst estimates of $209.60 million. Air Transport Services Group had a return on equity of 20.58% and a net margin of 18.06%. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. Research analysts predict that Air Transport Services Group Inc. will post 1.33 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ATSG. Amalgamated Bank acquired a new stake in Air Transport Services Group in the second quarter worth about $202,000. Engineers Gate Manager LP acquired a new stake in Air Transport Services Group in the 2nd quarter valued at about $206,000. Cornerstone Wealth Management LLC acquired a new stake in Air Transport Services Group in the 2nd quarter valued at about $226,000. Creative Planning acquired a new stake in Air Transport Services Group in the 3rd quarter valued at about $258,000. Finally, Fox Run Management L.L.C. acquired a new stake in Air Transport Services Group in the 2nd quarter valued at about $353,000. 87.30% of the stock is owned by institutional investors and hedge funds.

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Air Transport Services Group Company Profile (NASDAQ:ATSG)

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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