Air Transport Services Group, Inc (NASDAQ:ATSG)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Friday. They presently have a $20.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 19.71% from the company’s current price.

A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Cowen and Company increased their target price on Air Transport Services Group from $19.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Imperial Capital increased their target price on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, May 15th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Sidoti reiterated a “buy” rating and set a $26.00 target price (up previously from $23.00) on shares of Air Transport Services Group in a research report on Sunday, May 14th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Air Transport Services Group currently has an average rating of “Buy” and a consensus price target of $23.00.

Air Transport Services Group (NASDAQ:ATSG) traded up 0.81% during midday trading on Friday, hitting $24.91. 281,782 shares of the stock traded hands. Air Transport Services Group has a 12 month low of $12.94 and a 12 month high of $25.28. The company’s 50 day moving average price is $22.89 and its 200 day moving average price is $19.51. The firm has a market cap of $1.48 billion, a PE ratio of 67.69 and a beta of 2.01.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Air Transport Services Group had a return on equity of 11.82% and a net margin of 3.05%. The business had revenue of $237.92 million for the quarter, compared to analyst estimates of $214.09 million. Equities research analysts predict that Air Transport Services Group will post $0.96 earnings per share for the current fiscal year.

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In other Air Transport Services Group news, VP Matthew E. Fedders sold 4,102 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph C. Hete sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $22.93, for a total value of $1,146,500.00. Following the completion of the sale, the chief executive officer now directly owns 635,669 shares of the company’s stock, valued at $14,575,890.17. The disclosure for this sale can be found here. Insiders sold a total of 4,473,192 shares of company stock worth $100,349,450 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Oxford Asset Management bought a new stake in shares of Air Transport Services Group during the first quarter worth about $1,507,000. Parkwood LLC bought a new stake in shares of Air Transport Services Group during the first quarter worth about $1,011,000. Sei Investments Co. increased its stake in shares of Air Transport Services Group by 15.0% in the first quarter. Sei Investments Co. now owns 91,250 shares of the transportation company’s stock worth $1,464,000 after buying an additional 11,912 shares during the period. Intrust Bank NA bought a new stake in shares of Air Transport Services Group during the first quarter worth about $233,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Air Transport Services Group by 68.4% in the first quarter. Bank of New York Mellon Corp now owns 551,768 shares of the transportation company’s stock worth $8,856,000 after buying an additional 224,067 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Company Profile

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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