Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.83.

A number of equities analysts have recently commented on ATSG shares. Zacks Investment Research lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Cowen set a $27.00 price target on shares of Air Transport Services Group and gave the company a “buy” rating in a research report on Friday, October 13th. Stifel Nicolaus reissued 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. Stephens reissued an “overweight” rating and issued a $29.00 price target (up previously from $27.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Finally, Susquehanna Bancshares started coverage on shares of 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.

In related news, CFO Quint O. Turner sold 6,750 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $23.98, for a total transaction of $161,865.00. Following the transaction, the chief financial officer now owns 264,425 shares of the company’s stock, valued at $6,340,911.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Edward Roux sold 10,012 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total transaction of $236,383.32. Following the transaction, the director now directly owns 27,862 shares in the company, valued at approximately $657,821.82. The disclosure for this sale can be found here. Insiders have sold 24,262 shares of company stock worth $579,748 in the last ninety days. 2.20% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in ATSG. Advisor Group Inc. increased its position in Air Transport Services Group by 21.4% during the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after acquiring an additional 1,217 shares during the period. Pacad Investment Ltd. acquired a new stake in Air Transport Services Group during the second quarter worth $168,000. First Mercantile Trust Co. acquired a new stake in Air Transport Services Group during the second quarter worth $169,000. SG Americas Securities LLC acquired a new stake in Air Transport Services Group during the third quarter worth $258,000. Finally, Prudential Financial Inc. acquired a new stake in Air Transport Services Group during the third quarter worth $262,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group (ATSG) traded down $0.44 during trading hours on Monday, hitting $23.24. 337,432 shares of the stock were exchanged, compared to its average volume of 427,338. Air Transport Services Group has a 12 month low of $14.97 and a 12 month high of $26.75. The company has a market capitalization of $1,399.99, a price-to-earnings ratio of 29.98 and a beta of 1.96. 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 released its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The company had revenue of $254.10 million for the quarter, compared to analyst estimates of $256.13 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. research analysts expect that Air Transport Services Group will post 0.86 EPS for the current fiscal year.

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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.

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

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