News stories about Air Transport Services Group (NASDAQ:ATSG) have trended positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Air Transport Services Group earned a news impact score of 0.33 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.2751895426806 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts have recently commented on ATSG shares. Cowen set a $27.00 price objective on Air Transport Services Group and gave the company a “buy” rating in a report on Friday, October 13th. Stephens restated a “buy” rating and set a $32.00 price objective on shares of Air Transport Services Group in a report on Wednesday, January 10th. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, January 9th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Air Transport Services Group currently has an average rating of “Buy” and an average price target of $25.57.
Shares of Air Transport Services Group (ATSG) opened at $25.97 on Friday. The company has a market capitalization of $1,493.99, a P/E ratio of -19.82 and a beta of 1.97. Air Transport Services Group has a 1-year low of $14.97 and a 1-year high of $26.75. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.
In related news, CFO Quint O. Turner sold 6,750 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $23.98, for a total transaction of $161,865.00. Following the completion of the sale, the chief financial officer now owns 264,425 shares in the company, valued at $6,340,911.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Edward Roux sold 10,012 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total value of $236,383.32. Following the sale, the director now owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The disclosure for this sale can be found here. Insiders have sold 32,512 shares of company stock valued at $776,023 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.
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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.
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