BidaskClub upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a sell rating to a hold rating in a report published on Thursday.

Other research analysts have also recently issued research reports about the company. ValuEngine cut Air Transport Services Group from a hold rating to a sell rating in a research report on Friday, August 3rd. Imperial Capital decreased their target price on Air Transport Services Group from $24.00 to $22.00 and set an inline rating on the stock in a research report on Wednesday, August 8th. Cowen decreased their target price on Air Transport Services Group from $30.00 to $28.00 and set an outperform rating on the stock in a research report on Wednesday, August 8th. Stifel Nicolaus reiterated a buy rating and issued a $24.00 target price (down previously from $26.00) on shares of Air Transport Services Group in a research report on Wednesday, August 8th. Finally, Susquehanna Bancshares set a $23.00 target price on Air Transport Services Group and gave the company a hold rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Air Transport Services Group currently has a consensus rating of Hold and a consensus target price of $26.17.

Shares of NASDAQ ATSG traded up $0.22 during mid-day trading on Thursday, reaching $22.31. The company had a trading volume of 1,806 shares, compared to its average volume of 224,560. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.91 and a current ratio of 1.06. Air Transport Services Group has a one year low of $19.17 and a one year high of $27.67. The stock has a market capitalization of $1.29 billion, a P/E ratio of 24.78 and a beta of 1.87.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, August 6th. The transportation company reported $0.28 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.28. Air Transport Services Group had a return on equity of 20.53% and a net margin of 10.44%. The company had revenue of $203.61 million for the quarter, compared to analysts’ expectations of $208.24 million. During the same quarter last year, the business earned $0.21 earnings per share. Air Transport Services Group’s revenue was down 19.6% on a year-over-year basis. equities research analysts forecast that Air Transport Services Group will post 1.34 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new position in Air Transport Services Group in the second quarter valued at about $226,000. SG Americas Securities LLC bought a new position in Air Transport Services Group in the first quarter valued at about $147,000. Amalgamated Bank bought a new position in Air Transport Services Group in the second quarter valued at about $202,000. Engineers Gate Manager LP bought a new position in Air Transport Services Group in the second quarter valued at about $206,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Air Transport Services Group in the first quarter valued at about $215,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Air Transport Services Group Company Profile

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.

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