Air Transport Services Group (NASDAQ:ATSG) Upgraded 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 report report published on Tuesday, January 9th.

Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Air Transport Services Group from a sell rating to a hold rating in a research report on Monday, October 16th. Stifel Nicolaus restated a hold rating and issued a $22.00 price target (up previously from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Stephens restated an overweight rating and issued a $29.00 price target (up previously from $27.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Cowen set a $27.00 price objective on shares of Air Transport Services Group and gave the stock a buy rating in a research report on Friday, October 13th. Finally, ValuEngine cut shares of Air Transport Services Group from a buy rating to a hold rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $25.57.

Air Transport Services Group (NASDAQ:ATSG) opened at $27.07 on Tuesday. The stock has a market cap of $1,630.00, a PE ratio of -21.48 and a beta of 1.97. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. Air Transport Services Group has a twelve month low of $14.97 and a twelve month high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities analysts expect that Air Transport Services Group will post 0.87 EPS for the current fiscal year.

In related news, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group stock in a transaction on Monday, November 13th. The shares were sold at an average price of $23.61, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.37, for a total transaction of $175,275.00. Following the completion of the sale, 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 have sold a total of 32,512 shares of company stock valued at $776,023 in the last three months. Company insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ATSG. Victory Capital Management Inc. raised its holdings in Air Transport Services Group by 91.1% in the 3rd quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock worth $53,084,000 after acquiring an additional 1,039,666 shares during the period. Emerald Advisers Inc. PA bought a new position in Air Transport Services Group in the 3rd quarter worth $10,783,000. Rice Hall James & Associates LLC raised its holdings in Air Transport Services Group by 271.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 575,088 shares of the transportation company’s stock worth $13,998,000 after acquiring an additional 420,399 shares during the period. Castleark Management LLC bought a new position in Air Transport Services Group in the 2nd quarter worth $8,242,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Air Transport Services Group in the 3rd quarter worth $8,770,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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About Air Transport Services Group

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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