Air Transport Services Group (NASDAQ:ATSG) Upgraded to “Buy” by BidaskClub

Air Transport Services Group (NASDAQ:ATSG) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, BidAskClub reports.

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday. Finally, TheStreet downgraded shares of Air Transport Services Group from a “b-” rating to a “c” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.60.

Shares of Air Transport Services Group stock traded up $0.15 during midday trading on Tuesday, reaching $23.84. 8,733 shares of the company’s stock traded hands, compared to its average volume of 324,698. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 18.97 and a beta of 0.93. The company’s 50 day simple moving average is $20.86 and its 200 day simple moving average is $21.99. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.78 and a current ratio of 0.92. Air Transport Services Group has a 52 week low of $17.06 and a 52 week high of $25.82.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $366.07 million for the quarter, compared to the consensus estimate of $344.72 million. Air Transport Services Group had a net margin of 7.30% and a return on equity of 22.50%. Air Transport Services Group’s revenue for the quarter was up 78.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts predict that Air Transport Services Group will post 1.32 earnings per share for the current year.

In other news, CFO Quint O. Turner sold 9,000 shares of Air Transport Services Group stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $23.29, for a total transaction of $209,610.00. Following the sale, the chief financial officer now directly owns 233,053 shares in the company, valued at approximately $5,427,804.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider W Joseph Payne sold 4,300 shares of Air Transport Services Group stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $23.01, for a total transaction of $98,943.00. Following the sale, the insider now owns 148,381 shares in the company, valued at $3,414,246.81. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Air Transport Services Group during the 3rd quarter valued at about $887,000. Emerald Advisers LLC boosted its position in Air Transport Services Group by 15.1% in the second quarter. Emerald Advisers LLC now owns 989,714 shares of the transportation company’s stock valued at $24,149,000 after buying an additional 130,078 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Air Transport Services Group by 2.9% during the second quarter. Nuveen Asset Management LLC now owns 1,530,305 shares of the transportation company’s stock worth $37,340,000 after purchasing an additional 42,413 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Air Transport Services Group during the second quarter worth approximately $134,000. Finally, Bank of Montreal Can lifted its position in shares of Air Transport Services Group by 18.9% during the second quarter. Bank of Montreal Can now owns 102,110 shares of the transportation company’s stock worth $2,491,000 after purchasing an additional 16,230 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

Air Transport Services Group Company Profile

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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