Air Transport Services Group, Inc (NASDAQ:ATSG)‘s stock had its “outperform” rating reissued by analysts at Cowen and Company in a research report issued on Thursday. They currently have a $27.00 price target on the transportation company’s stock, up from their previous price target of $25.00. Cowen and Company’s price target points to a potential upside of 14.98% from the company’s previous close.

Several other brokerages also recently commented on ATSG. Imperial Capital upped their price objective on shares of Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, May 15th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Sidoti reaffirmed a “buy” rating and set a $26.00 price objective (up from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.29.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 23.48 on Thursday. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.62. The firm’s 50-day moving average price is $23.13 and its 200-day moving average price is $19.63. The firm has a market capitalization of $1.40 billion, a P/E ratio of 63.80 and a beta of 2.01.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 13.71%. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, equities analysts forecast that Air Transport Services Group will post $0.92 earnings per share for the current year.

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In related news, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the transaction, the vice president now directly owns 24,842 shares of the company’s stock, valued at $552,486.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total transaction of $122,600.00. Following the completion of the transaction, the insider now directly owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,414,480 shares of company stock valued at $99,000,315. 2.20% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares during the last quarter. Pacad Investment Ltd. bought a new position in Air Transport Services Group during the second quarter worth about $168,000. First Mercantile Trust Co. bought a new position in Air Transport Services Group during the second quarter worth about $169,000. Envestnet Asset Management Inc. increased its position in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock worth $180,000 after buying an additional 5,196 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares during the last quarter. 87.64% of the stock is owned by institutional investors.

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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