Air Transport Services Group Inc. (NASDAQ:ATSG) Given Consensus Rating of “Hold” by Brokerages

Air Transport Services Group Inc. (NASDAQ:ATSG) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.17.

Several research analysts have commented on the company. SunTrust Banks started coverage on Air Transport Services Group in a research report on Friday, May 1st. They set a “buy” rating and a $27.00 price objective on the stock. Loop Capital started coverage on Air Transport Services Group in a research report on Monday, March 30th. They set a “hold” rating and a $20.50 price objective on the stock. Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet upgraded Air Transport Services Group from a “c+” rating to a “b-” rating in a research report on Tuesday, June 23rd. Finally, BidaskClub cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Friday, May 15th.

Shares of Air Transport Services Group stock traded up $0.36 during trading on Tuesday, hitting $21.37. 445,100 shares of the stock traded hands, compared to its average volume of 576,198. The stock has a market cap of $1.25 billion, a P/E ratio of -1,068.50 and a beta of 0.86. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.04 and a current ratio of 1.21. Air Transport Services Group has a twelve month low of $13.20 and a twelve month high of $25.60. The company has a fifty day moving average price of $21.29 and a two-hundred day moving average price of $20.67.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Tuesday, May 5th. The transportation company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. Air Transport Services Group had a return on equity of 22.63% and a net margin of 11.79%. The firm had revenue of $389.30 million during the quarter, compared to analyst estimates of $367.25 million. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Air Transport Services Group will post 1.45 EPS for the current fiscal year.

In other news, Director Jeffrey J. Vorholt sold 3,728 shares of the company’s stock in a transaction on Friday, June 19th. The stock was sold at an average price of $21.80, for a total transaction of $81,270.40. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $436,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. River Road Asset Management LLC grew its holdings in shares of Air Transport Services Group by 31.9% during the fourth quarter. River Road Asset Management LLC now owns 4,281,560 shares of the transportation company’s stock worth $100,445,000 after buying an additional 1,035,850 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Air Transport Services Group by 0.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,570,871 shares of the transportation company’s stock worth $60,312,000 after buying an additional 15,548 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Air Transport Services Group by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,558,502 shares of the transportation company’s stock worth $36,563,000 after buying an additional 15,789 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Air Transport Services Group by 754.0% during the first quarter. Russell Investments Group Ltd. now owns 1,465,442 shares of the transportation company’s stock worth $26,783,000 after buying an additional 1,293,838 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Air Transport Services Group by 1.7% during the fourth quarter. State Street Corp now owns 1,207,371 shares of the transportation company’s stock worth $28,325,000 after buying an additional 20,368 shares in the last quarter. Institutional investors own 91.67% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

Further Reading: Technical Analysis

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