Air Transport Services Group, Inc (NASDAQ:ATSG) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.86.

Several equities analysts recently issued reports on ATSG shares. Zacks Investment Research lowered Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Stifel Nicolaus restated a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a research note on Friday, August 4th. Cowen and Company restated an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of Air Transport Services Group in a research note on Thursday, August 10th. BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th.

Air Transport Services Group (NASDAQ ATSG) traded down 2.21% on Wednesday, reaching $24.34. The company’s stock had a trading volume of 910,407 shares. The firm’s market capitalization is $1.44 billion. Air Transport Services Group has a 52 week low of $12.94 and a 52 week high of $25.91. The stock’s 50 day moving average is $23.03 and its 200-day moving average is $21.10.

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

TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.watchlistnews.com/brokerages-set-air-transport-services-group-inc-atsg-target-price-at-22-86/1599433.html.

In other news, Director Richard M. Baudouin sold 8,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total value of $175,851.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 owns 185,452 shares in the company, valued at $4,547,283.04. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Castleark Management LLC bought a new stake in shares of Air Transport Services Group in the 2nd quarter valued at approximately $8,242,000. The Manufacturers Life Insurance Company grew its stake in shares of Air Transport Services Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,258 shares of the transportation company’s stock valued at $899,000 after purchasing an additional 2,860 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Air Transport Services Group in the 2nd quarter valued at approximately $697,000. State Street Corp grew its stake in shares of Air Transport Services Group by 7.1% in the 2nd quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock valued at $21,794,000 after purchasing an additional 66,711 shares during the period. Finally, Lyon Street Capital LLC bought a new stake in shares of Air Transport Services Group in the 2nd quarter valued at approximately $4,890,000. 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)

Receive News & Ratings for Air Transport Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.