Cowen and Company reissued their outperform rating on shares of Air Transport Services Group, Inc (NASDAQ:ATSG) in a research report report published on Thursday morning. They currently have a $27.00 price objective on the transportation company’s stock, up from their previous price objective of $25.00.

ATSG has been the subject of several other research reports. Zacks Investment Research cut Air Transport Services Group from a strong-buy rating to a hold rating in a research report on Monday, July 17th. Imperial Capital increased their target price on Air Transport Services Group from $18.00 to $23.00 and gave the stock an in-line rating in a research report on Friday, May 5th. Stifel Nicolaus reiterated a hold rating and set a $20.00 target price on shares of Air Transport Services Group in a research report on Friday, August 4th. BidaskClub upgraded Air Transport Services Group from a hold rating to a buy rating in a research report on Tuesday, August 1st. Finally, TheStreet cut Air Transport Services Group from a b+ rating to a c+ rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $23.29.

Air Transport Services Group (NASDAQ ATSG) opened at 22.70 on Thursday. The firm’s 50-day moving average price is $23.32 and its 200-day moving average price is $19.92. The stock’s market cap is $1.34 billion. Air Transport Services Group has a 12-month low of $12.94 and a 12-month high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $235.69 million. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 43.4% on a year-over-year basis. On average, equities analysts predict that Air Transport Services Group will post $0.88 EPS for the current fiscal year.

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In other Air Transport Services Group news, VP Matthew E. Fedders sold 4,102 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was 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 in the company, valued at approximately $552,486.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider W Joseph Payne sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the insider now owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. Insiders have sold 4,386,432 shares of company stock valued at $98,353,567 in the last quarter. 2.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in ATSG. Nationwide Fund Advisors boosted its position in Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after buying an additional 189 shares in the last quarter. Legal & General Group Plc boosted its position in Air Transport Services Group by 4.3% in the second quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after buying an additional 510 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in Air Transport Services Group by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock valued at $1,791,000 after buying an additional 899 shares in the last quarter. Victory Capital Management Inc. boosted its position in 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 in the last quarter. Finally, Advisor Group Inc. boosted its position in Air Transport Services Group by 21.4% in the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after buying an additional 1,217 shares in the last quarter. Institutional investors and hedge funds own 89.14% 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. 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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