Air Transport Services Group’s (ATSG) “Buy” Rating Reiterated at Stephens

Air Transport Services Group (NASDAQ:ATSG)‘s stock had its “buy” rating reiterated by Stephens in a research note issued to investors on Wednesday, January 10th. They currently have a $32.00 price objective on the transportation company’s stock. Stephens’ price objective suggests a potential upside of 23.22% from the stock’s previous close.

A number of other brokerages have also commented on ATSG. Stifel Nicolaus reissued a “hold” rating and set a $22.00 price target (up from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen set a $27.00 price objective on Air Transport Services Group and gave the company a “buy” rating in a research note on Friday, October 13th. ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.57.

Shares of Air Transport Services Group (NASDAQ ATSG) traded up $0.70 on Wednesday, reaching $25.97. The company’s stock had a trading volume of 694,074 shares, compared to its average volume of 397,732. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97. The stock has a market capitalization of $1,535.37, a PE ratio of 32.87 and a beta of 1.97. Air Transport Services Group has a fifty-two week low of $14.97 and a fifty-two week high of $26.75.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The firm had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $256.13 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that Air Transport Services Group will post 0.87 EPS for the current year.

In other Air Transport Services Group news, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group 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 completion of the sale, the director now owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider W Joseph Payne sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $23.37, for a total value of $175,275.00. Following the completion of the transaction, the insider now directly owns 162,560 shares of the company’s stock, valued at approximately $3,799,027.20. The disclosure for this sale can be found here. Insiders sold a total of 32,512 shares of company stock valued at $776,023 in the last three months. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ATSG. Advisor Group Inc. increased its stake 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 in the last quarter. Pacad Investment Ltd. purchased a new stake in Air Transport Services Group during the 2nd quarter worth approximately $168,000. SG Americas Securities LLC purchased a new stake in Air Transport Services Group during the 3rd quarter worth approximately $258,000. Prudential Financial Inc. purchased a new stake in Air Transport Services Group during the 3rd quarter worth approximately $262,000. Finally, Bayesian Capital Management LP purchased a new stake in Air Transport Services Group during the 2nd quarter worth approximately $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.

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

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