Air Transport Services Group (ATSG) Receiving Somewhat Positive News Coverage, Study Finds
Media coverage about Air Transport Services Group (NASDAQ:ATSG) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Air Transport Services Group earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.9142788687978 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages recently commented on ATSG. Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a report on Thursday, August 17th. They set a “neutral” rating and a $22.00 target price for the company. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a report on Tuesday, September 12th. Finally, Zacks Investment Research upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Air Transport Services Group has a consensus rating of “Hold” and a consensus price target of $24.25.
Shares of Air Transport Services Group (NASDAQ ATSG) traded down $0.26 during mid-day trading on Wednesday, reaching $23.47. The company had a trading volume of 336,933 shares, compared to its average volume of 428,540. The stock has a market capitalization of $1,385.21, a PE ratio of 29.66 and a beta of 2.00. Air Transport Services Group has a 12 month low of $14.97 and a 12 month high of $26.75. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. equities research analysts predict that Air Transport Services Group will post 0.86 earnings per share for the current year.
In related news, Director Joseph Edward Roux sold 10,012 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total value of $236,383.32. Following the sale, the director now directly owns 27,862 shares of the company’s stock, valued at $657,821.82. The sale was disclosed in a legal filing with the SEC, which is available through 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. Over the last ninety days, insiders sold 25,612 shares of company stock worth $593,734. 2.20% of the stock is owned by insiders.
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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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