BidaskClub upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a hold rating to a buy rating in a report released on Tuesday.

A number of other research firms have also recently weighed in on ATSG. Zacks Investment Research raised Air Transport Services Group from a sell rating to a hold rating in a report on Monday, October 16th. Stifel Nicolaus reissued a hold rating and issued a $22.00 price target (up from $20.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Stephens reissued an overweight rating and issued a $29.00 price target (up from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Cowen set a $27.00 price target on Air Transport Services Group and gave the stock a buy rating in a report on Friday, October 13th. Finally, ValuEngine cut Air Transport Services Group from a buy rating to a hold rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $25.57.

Shares of Air Transport Services Group (NASDAQ ATSG) traded down $0.18 during mid-day trading on Tuesday, reaching $23.67. The company had a trading volume of 420,300 shares, compared to its average volume of 422,191. The firm has a market capitalization of $1,400.00, a PE ratio of -18.79 and a beta of 1.97. Air Transport Services Group has a 52-week low of $14.97 and a 52-week 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 data on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $254.10 million during 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%. Air Transport Services Group’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. sell-side analysts anticipate that Air Transport Services Group will post 0.86 EPS for the current year.

In other news, CFO Quint O. Turner sold 6,750 shares of Air Transport Services Group stock in a transaction on Friday, December 8th. The stock was sold at an average price of $23.98, for a total value of $161,865.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Also, CFO Quint O. Turner sold 7,500 shares of Air Transport Services Group stock in a transaction on Monday, January 8th. The shares were sold at an average price of $24.60, for a total value of $184,500.00. Following the completion of the sale, the chief financial officer now directly owns 247,573 shares of the company’s stock, valued at approximately $6,090,295.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,512 shares of company stock valued at $776,023. Company insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in ATSG. Victory Capital Management Inc. grew its position in shares of Air Transport Services Group by 91.1% in the third quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock valued at $53,084,000 after purchasing an additional 1,039,666 shares during the period. Emerald Advisers Inc. PA purchased a new stake in shares of Air Transport Services Group in the third quarter valued at $10,783,000. Rice Hall James & Associates LLC grew its position in shares of Air Transport Services Group by 271.8% in the third quarter. Rice Hall James & Associates LLC now owns 575,088 shares of the transportation company’s stock valued at $13,998,000 after purchasing an additional 420,399 shares during the period. Castleark Management LLC purchased a new stake in shares of Air Transport Services Group in the second quarter valued at $8,242,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Air Transport Services Group in the third quarter valued at $8,770,000. 90.47% of the stock is owned by institutional investors and hedge funds.

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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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