Cowen and Company set a $27.00 price objective on Air Transport Services Group, Inc (NASDAQ:ATSG) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Air Transport Services Group from a strong-buy rating to a hold rating in a research note on Monday, July 17th. Stifel Nicolaus restated a hold rating and issued a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday, August 4th. BidaskClub lowered Air Transport Services Group from a buy rating to a hold rating in a research note on Monday, July 24th. TheStreet lowered Air Transport Services Group from a b+ rating to a c+ rating in a research note on Monday, August 7th. Finally, Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a research note on Thursday, August 17th. They issued a neutral rating and a $22.00 price objective for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $23.13.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 24.78 on Friday. The firm has a 50-day moving average price of $23.85 and a 200-day moving average price of $22.18. Air Transport Services Group has a 52-week low of $12.94 and a 52-week high of $25.91. The stock’s market capitalization is $1.47 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, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million for 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 company’s revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. On average, analysts predict that Air Transport Services Group will post $0.86 EPS for the current year.

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In other news, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now directly owns 185,452 shares in the company, valued at approximately $4,547,283.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Baudouin sold 8,100 shares of the company’s stock in a transaction 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. Insiders sold a total of 20,600 shares of company stock valued at $479,951 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of ATSG. Victory Capital Management Inc. increased its stake in Air Transport Services Group by 18.2% in the 1st quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares in the last quarter. Advisor Group Inc. increased its stake in Air Transport Services Group by 21.4% in the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after buying an additional 1,217 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Air Transport Services Group in the 2nd quarter worth $168,000. First Mercantile Trust Co. purchased a new stake in Air Transport Services Group in the 2nd quarter worth $169,000. Finally, SG Americas Securities LLC increased its stake in Air Transport Services Group by 17.1% in the 1st quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.

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

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