Air Transport Services Group (ATSG) Receiving Somewhat Favorable Press Coverage, Report Finds
News articles about Air Transport Services Group (NASDAQ:ATSG) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Air Transport Services Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.2149140567588 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Executive Moves: Catapult, ATSG and NorthPoint Logistics – American Shipper (subscription) (americanshipper.com)
- Executive Moves: ATSG and NorthPoint Logistics (americanshipper.com)
- ATSG Names Chief Operating Officer (financial-news.co.uk)
- One of Greater Cincinnati’s largest public companies names new COO (bizjournals.com)
- Air Transport Services Group’s (ATSG) Hold Rating Reaffirmed at Stifel Nicolaus (americanbankingnews.com)
Air Transport Services Group (ATSG) traded down 0.88% during mid-day trading on Friday, hitting $23.54. The stock had a trading volume of 916,269 shares. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.75. The stock’s 50 day moving average price is $23.10 and its 200 day moving average price is $20.96. The firm’s market capitalization is $1.39 billion.
Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 43.4% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. Analysts forecast that Air Transport Services Group will post $0.86 EPS for the current year.
Several brokerages have commented on ATSG. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 17th. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a research report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Air Transport Services Group in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.13.
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In related news, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total transaction of $122,600.00. Following the completion of the sale, the insider now directly owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard M. Baudouin sold 8,100 shares of Air Transport Services Group stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,202 shares of company stock valued at $389,679. 2.20% of the stock is currently owned by insiders.
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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