Air Transport Services Group Inc. (NASDAQ:ATSG) Given Consensus Recommendation of “Buy” by Analysts

Air Transport Services Group Inc. (NASDAQ:ATSG) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several equities analysts recently commented on the stock. BidaskClub raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus set a $26.00 target price on shares of Air Transport Services Group and gave the company a “buy” rating in a report on Thursday, May 16th. Imperial Capital reaffirmed an “outperform” rating and set a $31.00 target price (up previously from $28.00) on shares of Air Transport Services Group in a report on Thursday, May 9th. Zacks Investment Research raised shares of Air Transport Services Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, ValuEngine lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th.

In other news, Director Robert K. Coretz purchased 25,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $20.05 per share, with a total value of $501,250.00. Following the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $2,005,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Quint O. Turner sold 6,125 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $23.94, for a total transaction of $146,632.50. Following the sale, the chief financial officer now directly owns 242,603 shares of the company’s stock, valued at approximately $5,807,915.82. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 65,475 shares of company stock worth $1,370,581 and have sold 18,334 shares worth $430,071. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ATSG. Oppenheimer Asset Management Inc. purchased a new stake in Air Transport Services Group during the 4th quarter valued at $30,000. Quantamental Technologies LLC purchased a new stake in shares of Air Transport Services Group in the 1st quarter worth about $50,000. Great West Life Assurance Co. Can purchased a new stake in shares of Air Transport Services Group in the 4th quarter worth about $73,000. Amalgamated Bank purchased a new stake in shares of Air Transport Services Group in the 4th quarter worth about $201,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Air Transport Services Group in the 1st quarter worth about $202,000. 90.52% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ATSG traded down $0.26 during trading on Friday, reaching $23.43. The company had a trading volume of 3,010 shares, compared to its average volume of 258,862. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.75 and a beta of 0.93. Air Transport Services Group has a 12 month low of $17.06 and a 12 month high of $25.82. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.99 and a quick ratio of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. Air Transport Services Group had a net margin of 7.33% and a return on equity of 20.87%. The company had revenue of $348.18 million for the quarter, compared to analyst estimates of $306.01 million. As a group, equities research analysts expect that Air Transport Services Group will post 1.32 EPS for the current year.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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