Air Transport Services Group, Inc (NASDAQ:ATSG) has been given a $27.00 target price by analysts at Cowen and Company in a report released on Friday. The firm currently has a “buy” rating on the transportation company’s stock. Cowen and Company’s target price would suggest a potential upside of 10.88% from the company’s current price.

A number of other brokerages have also issued reports on ATSG. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a research note on Friday, August 4th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet lowered shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc began coverage on shares of Air Transport Services Group in a research note on Thursday, August 17th. They set a “neutral” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.13.

Shares of Air Transport Services Group (NASDAQ:ATSG) traded up 0.49% during midday trading on Friday, reaching $24.47. 23,741 shares of the company’s stock traded hands. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.91. The company’s market capitalization is $1.45 billion. The company has a 50-day moving average of $23.85 and a 200-day moving average of $22.18.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The business’s revenue was up 43.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. Equities research analysts anticipate that Air Transport Services Group will post $0.86 EPS for the current year.

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In related news, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now directly owns 185,452 shares in the company, valued at $4,547,283.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Baudouin sold 8,100 shares of Air Transport Services Group stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. Insiders sold 20,600 shares of company stock valued at $479,951 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in ATSG. Nationwide Fund Advisors raised its holdings in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 189 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $8,856,000 after acquiring an additional 224,067 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 valued at $180,000 after acquiring an additional 5,196 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of 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 valued at $180,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of 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 valued at $111,000 after acquiring an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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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