Air Transport Services Group (ATSG) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a hold rating to a buy rating in a research note released on Tuesday.

Several other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Air Transport Services Group from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Air Transport Services Group from a hold rating to a sell rating in a research report on Wednesday, November 8th. Stephens reiterated an overweight rating and issued a $29.00 price target (up from $27.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Stifel Nicolaus reiterated a hold rating and issued a $22.00 price target (up from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Finally, Cowen set a $27.00 price target on shares of Air Transport Services Group and gave the stock a buy rating in a research report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Air Transport Services Group has a consensus rating of Buy and an average target price of $25.57.

Shares of Air Transport Services Group (NASDAQ ATSG) traded up $0.30 during trading on Tuesday, reaching $24.59. 316,274 shares of the company’s stock traded hands, compared to its average volume of 587,122. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. Air Transport Services Group has a 12-month low of $14.97 and a 12-month high of $26.75. The company has a market capitalization of $1,450.00, a PE ratio of -19.52 and a beta of 1.97.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The firm had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. During the same period in the previous year, the business earned $0.14 earnings per share. Air Transport Services Group’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities research analysts anticipate that Air Transport Services Group will post 0.86 EPS for the current fiscal year.

In other Air Transport Services Group news, Director Joseph Edward Roux sold 10,012 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $23.61, for a total transaction of $236,383.32. Following the sale, the director now owns 27,862 shares in the company, valued at approximately $657,821.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Quint O. Turner sold 6,750 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $23.98, for a total value of $161,865.00. Following the sale, the chief financial officer now owns 264,425 shares in the company, valued at approximately $6,340,911.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,512 shares of company stock worth $776,023. Corporate insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its holdings in Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after buying an additional 1,217 shares during the period. Pacad Investment Ltd. acquired a new stake in Air Transport Services Group during the 2nd quarter worth about $168,000. SG Americas Securities LLC acquired a new stake in Air Transport Services Group during the 3rd quarter worth about $258,000. Prudential Financial Inc. acquired a new stake in Air Transport Services Group during the 3rd quarter worth about $262,000. Finally, Bayesian Capital Management LP acquired a new stake in Air Transport Services Group during the 2nd quarter worth about $263,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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Air Transport Services Group Company Profile

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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