Air Transport Services Group (ATSG) Price Target Cut to $19.00 by Analysts at Imperial Capital

Air Transport Services Group (NASDAQ:ATSG) had its price objective reduced by Imperial Capital from $25.00 to $19.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Imperial Capital currently has an outperform rating on the transportation company’s stock. Imperial Capital also issued estimates for Air Transport Services Group’s FY2018 earnings at $1.35 EPS, Q2 2019 earnings at $0.33 EPS and Q4 2019 earnings at $0.50 EPS.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus restated a buy rating and issued a $24.00 price target (down from $26.00) on shares of Air Transport Services Group in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Air Transport Services Group from a hold rating to a buy rating and set a $25.00 price target for the company in a report on Tuesday, October 9th. Susquehanna Bancshares set a $23.00 price target on shares of Air Transport Services Group and gave the stock a hold rating in a report on Wednesday, August 8th. ValuEngine upgraded shares of Air Transport Services Group from a sell rating to a hold rating in a report on Wednesday, October 3rd. Finally, BidaskClub upgraded shares of Air Transport Services Group from a sell rating to a hold rating in a report on Thursday, September 13th. Two investment 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. Air Transport Services Group presently has a consensus rating of Hold and a consensus price target of $25.50.

NASDAQ:ATSG traded up $0.04 during trading hours on Tuesday, reaching $19.21. The company had a trading volume of 1,184 shares, compared to its average volume of 308,518. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.49 and a beta of 1.85. Air Transport Services Group has a twelve month low of $17.67 and a twelve month high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. Equities analysts predict that Air Transport Services Group will post 1.33 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in shares of Air Transport Services Group during the third quarter valued at about $1,242,000. River Road Asset Management LLC grew its holdings in shares of Air Transport Services Group by 49.4% during the third quarter. River Road Asset Management LLC now owns 1,080,213 shares of the transportation company’s stock valued at $23,192,000 after buying an additional 357,341 shares during the last quarter. Monarch Partners Asset Management LLC grew its holdings in shares of Air Transport Services Group by 9.4% during the third quarter. Monarch Partners Asset Management LLC now owns 322,122 shares of the transportation company’s stock valued at $6,916,000 after buying an additional 27,595 shares during the last quarter. Emerald Advisers Inc. PA grew its holdings in shares of Air Transport Services Group by 8.5% during the third quarter. Emerald Advisers Inc. PA now owns 800,220 shares of the transportation company’s stock valued at $17,181,000 after buying an additional 62,550 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Air Transport Services Group by 8.3% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 876,771 shares of the transportation company’s stock valued at $18,824,000 after buying an additional 67,237 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

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: Fundamental Analysis and Individual Investors

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

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