Recent Research Analysts’ Ratings Changes for Air Transport Services Group (ATSG)

A number of research firms have changed their ratings and price targets for Air Transport Services Group (NASDAQ: ATSG):

  • 8/7/2017 – Air Transport Services Group was downgraded by analysts at TheStreet from a “b+” rating to a “c+” rating.
  • 8/4/2017 – Air Transport Services Group had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 8/1/2017 – Air Transport Services Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/24/2017 – Air Transport Services Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Air Transport Services Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “AIR TRANSPORT SERVICES GROUP, INC. is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG subsidiaries include ABX Air, Inc., Air Transport International, LLC, Cargo Aircraft Management, Inc., Capital Cargo International Airlines, Inc., and LGSTX Services, Inc. “
  • 7/8/2017 – Air Transport Services Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – Air Transport Services Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “AIR TRANSPORT SERVICES GROUP, INC. is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG subsidiaries include ABX Air, Inc., Air Transport International, LLC, Cargo Aircraft Management, Inc., Capital Cargo International Airlines, Inc., and LGSTX Services, Inc. “
  • 6/16/2017 – Air Transport Services Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Air Transport Services Group, Inc (NASDAQ ATSG) traded down 1.23% on Wednesday, hitting $23.37. The company had a trading volume of 94,886 shares. The company has a 50-day moving average of $23.13 and a 200 day moving average of $19.63. The stock has a market cap of $1.39 billion, a PE ratio of 63.51 and a beta of 2.01. Air Transport Services Group, Inc has a 12 month low of $12.94 and a 12 month high of $25.62.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 13.71%. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 43.4% on a year-over-year basis. Analysts anticipate that Air Transport Services Group, Inc will post $0.92 EPS for the current fiscal year.

In related news, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at $552,486.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the sale, the insider now directly owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,464,480 shares of company stock valued at $100,146,815. Company insiders own 2.20% of the company’s stock.

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

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