BidaskClub upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a sell rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

ATSG has been the subject of several other reports. Zacks Investment Research cut Air Transport Services Group from a hold rating to a sell rating in a research report on Wednesday, February 20th. ValuEngine cut Air Transport Services Group from a hold rating to a sell rating in a research report on Tuesday, March 5th. Imperial Capital reissued an outperform rating and set a $28.00 price target (down from $31.00) on shares of Air Transport Services Group in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus set a $26.00 price target on Air Transport Services Group and gave the company a buy rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $28.17.

ATSG stock opened at $23.44 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 3.60. The stock has a market cap of $1.41 billion, a PE ratio of 18.75 and a beta of 0.93. Air Transport Services Group has a fifty-two week low of $17.06 and a fifty-two week high of $25.82.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The company had revenue of $348.18 million during the quarter, compared to analysts’ expectations of $306.01 million. Air Transport Services Group had a return on equity of 20.87% and a net margin of 7.33%. As a group, equities research analysts anticipate that Air Transport Services Group will post 1.32 EPS for the current fiscal year.

In related news, CEO Joseph C. Hete purchased 2,500 shares of Air Transport Services Group stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $20.04 per share, with a total value of $50,100.00. Following the completion of the transaction, the chief executive officer now owns 670,195 shares of the company’s stock, valued at approximately $13,430,707.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Coretz purchased 25,000 shares of Air Transport Services Group stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $20.05 per share, with a total value of $501,250.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $2,005,000. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 65,475 shares of company stock valued at $1,370,581 and have sold 18,334 shares valued at $430,071. Corporate insiders own 2.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Equitable Trust Co. increased its stake in shares of Air Transport Services Group by 6.6% during the first quarter. Equitable Trust Co. now owns 62,227 shares of the transportation company’s stock worth $1,434,000 after purchasing an additional 3,855 shares during the period. Man Group plc acquired a new stake in Air Transport Services Group during the first quarter worth approximately $2,575,000. Arrowgrass Capital Partners US LP grew its position in Air Transport Services Group by 23.9% during the first quarter. Arrowgrass Capital Partners US LP now owns 190,978 shares of the transportation company’s stock worth $4,402,000 after buying an additional 36,800 shares in the last quarter. Ellington Management Group LLC acquired a new stake in Air Transport Services Group during the first quarter worth approximately $279,000. Finally, Hsbc Holdings PLC acquired a new stake in Air Transport Services Group during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.52% 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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Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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