Air Transport Services Group (ATSG) Getting Somewhat Favorable Press Coverage, Analysis Finds
Press coverage about Air Transport Services Group (NASDAQ:ATSG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Air Transport Services Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 47.3053548244428 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Needle Action Activity Spotted in Air Transport Services Group Inc (ATSG) – Sheridan Daily (sheridandaily.com)
- Seaport Global Securities Brokers Raise Corporate Earnings Forecast for Air Transport Services Group, – Insider Tradings (insidertradings.org)
- Focusing the Lens on Air Transport Services Group Inc (ATSG) Shares: Technical Update – Evergreen Caller (evergreencaller.com)
- Air Transport Services Group, I (NASDAQ:ATSG) Closed -8.8% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Seaport Global Securities Analysts Boost Earnings Estimates for Air Transport Services Group, Inc (ATSG) (americanbankingnews.com)
A number of equities research analysts recently weighed in on the company. Susquehanna Bancshares Inc assumed coverage on Air Transport Services Group in a research note on Thursday, August 17th. They set a “neutral” rating and a $22.00 price objective for the company. BidaskClub cut Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Cowen and Company restated an “outperform” rating and set a $27.00 price objective (up from $25.00) on shares of Air Transport Services Group in a research note on Thursday, August 10th. Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.13.
Shares of Air Transport Services Group (NASDAQ:ATSG) traded up 4.14% on Wednesday, hitting $22.66. The stock had a trading volume of 342,831 shares. The company’s market cap is $1.34 billion. The stock has a 50 day moving average price of $23.22 and a 200-day moving average price of $20.33. 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 posted its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The company’s revenue for the quarter was up 43.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. On average, equities analysts expect that Air Transport Services Group will post $0.86 earnings per share for the current year.
In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of the firm’s stock in a transaction dated 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 $4,547,283.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Willem Mesdag sold 4,377,330 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $22.42, for a total transaction of $98,139,738.60. The disclosure for this sale can be found here. Insiders sold 4,386,432 shares of company stock valued at $98,353,567 over the last quarter. Insiders own 2.20% of the company’s stock.
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About Air Transport Services Group
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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