Air Transport Services Group Inc. (ATSG) Trading 2.5% Higher
Air Transport Services Group Inc. (NASDAQ:ATSG) traded up 2.5% on Wednesday . The company traded as high as $14.91 and last traded at $14.88, with a volume of 115,626 shares traded. The stock had previously closed at $14.52.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on Air Transport Services Group in a research note on Thursday. They set a “hold” rating for the company. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday. Finally, TheStreet upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.
The firm has a market capitalization of $884.13 million and a P/E ratio of 25.86. The company’s 50 day moving average price is $14.17 and its 200-day moving average price is $13.51.
Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $181.27 million. During the same period last year, the business earned $0.16 EPS. Air Transport Services Group’s revenue was up 18.9% compared to the same quarter last year. On average, equities analysts predict that Air Transport Services Group Inc. will post $0.64 EPS for the current year.
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. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.
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