Air Transport Services Group, Inc (ATSG) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Air Transport Services Group, Inc (NASDAQ:ATSG) in a report released on Tuesday. They currently have a $20.00 price target on the transportation company’s stock.

A number of other research firms also recently issued reports on ATSG. Cowen and Company reissued an outperform rating and set a $27.00 price target (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. Imperial Capital boosted their price target on Air Transport Services Group from $18.00 to $23.00 and gave the company an in-line rating in a research report on Monday, May 15th. BidaskClub raised Air Transport Services Group from a hold rating to a buy rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Air Transport Services Group from a hold rating to a strong-buy rating and set a $25.00 price target for the company in a research report on Tuesday, July 4th. Finally, Susquehanna Bancshares Inc started coverage on Air Transport Services Group in a research report on Thursday, August 17th. They set a neutral rating and a $22.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $23.13.

Air Transport Services Group (NASDAQ ATSG) opened at 23.53 on Tuesday. The stock’s market cap is $1.39 billion. Air Transport Services Group has a 52 week low of $12.94 and a 52 week high of $25.75. The company’s 50-day moving average is $23.16 and its 200 day moving average is $20.82.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. On average, analysts expect that Air Transport Services Group will post $0.86 earnings per share for the current fiscal year.

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In other news, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew E. Fedders sold 4,102 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The disclosure for this sale can be found here. Insiders sold 17,202 shares of company stock valued at $389,679 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Castleark Management LLC purchased a new stake in shares of Air Transport Services Group in the second quarter worth about $8,242,000. The Manufacturers Life Insurance Company boosted its position in shares of Air Transport Services Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 41,258 shares of the transportation company’s stock worth $899,000 after buying an additional 2,860 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Air Transport Services Group in the second quarter worth about $697,000. State Street Corp boosted its position in shares of Air Transport Services Group by 7.1% in the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after buying an additional 66,711 shares during the period. Finally, Lyon Street Capital LLC purchased a new stake in shares of Air Transport Services Group in the second quarter worth about $4,890,000. 88.07% of the stock is owned by institutional investors.

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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