Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Air Transport Services Group’s rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price objective of $16.50 for the company and are expecting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Air Transport Services Group an industry rank of 112 out of 265 based on the ratings given to related companies.
ATSG has been the topic of a number of research reports. Zacks Investment Research cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Stifel Nicolaus initiated coverage on shares of Air Transport Services Group in a report on Thursday, August 25th. They issued a “hold” rating on the stock. Finally, TheStreet raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th.
Air Transport Services Group (NASDAQ:ATSG) opened at 14.46 on Tuesday. Air Transport Services Group has a 52 week low of $8.44 and a 52 week high of $15.53. The stock has a 50 day moving average price of $14.14 and a 200-day moving average price of $13.91. The company has a market capitalization of $862.65 million, a PE ratio of 25.24 and a beta of 1.94.
Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $181.27 million. Air Transport Services Group had a net margin of 6.07% and a return on equity of 9.61%. Air Transport Services Group’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, equities analysts predict that Air Transport Services Group will post $0.61 earnings per share for the current fiscal year.
In related news, insider Brady Thomas Templeton sold 3,000 shares of Air Transport Services Group stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $14.72, for a total value of $44,160.00. Following the completion of the transaction, the insider now directly owns 89,895 shares in the company, valued at approximately $1,323,254.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Strs Ohio raised its position in Air Transport Services Group by 8.3% in the second quarter. Strs Ohio now owns 56,000 shares of the company’s stock worth $725,000 after buying an additional 4,300 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Air Transport Services Group during the second quarter worth $1,255,000. Barclays PLC raised its position in Air Transport Services Group by 49.3% in the first quarter. Barclays PLC now owns 112,885 shares of the company’s stock worth $1,693,000 after buying an additional 37,285 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Air Transport Services Group by 3.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,728 shares of the company’s stock worth $596,000 after buying an additional 1,277 shares during the period. Finally, A.R.T. Advisors LLC purchased a new position in Air Transport Services Group during the first quarter worth approximately $622,000. Institutional investors and hedge funds own 93.52% of the company’s stock.
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. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.
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