Air Transport Services Group, Inc (NASDAQ:ATSG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) have received a consensus rating of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.20.

Several brokerages recently issued reports on ATSG. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Cowen and Company reissued an “outperform” rating on shares of Air Transport Services Group in a research note on Monday, May 15th. Imperial Capital increased their target price on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, May 15th. Sidoti reaffirmed a “buy” rating and issued a $26.00 price objective (up from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. Finally, BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday.

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Air Transport Services Group (NASDAQ ATSG) traded up 0.86% during midday trading on Monday, reaching $22.26. The company’s stock had a trading volume of 310,699 shares. The firm has a 50-day moving average price of $22.87 and a 200 day moving average price of $18.37. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 60.49 and a beta of 1.99. Air Transport Services Group has a 52-week low of $12.72 and a 52-week high of $24.21.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Wednesday, May 3rd. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The business had revenue of $237.92 million for the quarter, compared to analyst estimates of $214.09 million. Air Transport Services Group had a net margin of 3.05% and a return on equity of 11.82%. Equities research analysts predict that Air Transport Services Group will post $0.96 EPS for the current fiscal year.

In other news, insider Willem Mesdag sold 4,377,330 shares of Air Transport Services Group stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew E. Fedders sold 4,102 shares of the firm’s 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 transaction, the vice president now owns 24,842 shares of the company’s stock, valued at $552,486.08. The disclosure for this sale can be found here. Insiders have sold 4,468,192 shares of company stock worth $100,226,850 over the last three months. 2.20% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock worth $180,000 after buying an additional 5,196 shares in the last quarter. SG Americas Securities LLC increased its stake in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares in the last quarter. Globeflex Capital L P increased its stake in Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock worth $190,000 after buying an additional 11,800 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in Air Transport Services Group during the fourth quarter worth $192,000. Hedge funds and other institutional investors own 87.34% of the company’s stock.

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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