Air Transport Services Group (ATSG) Lifted to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a hold rating to a buy rating in a research report released on Thursday, MarketBeat reports. Stifel Nicolaus currently has $26.00 target price on the transportation company’s stock, up from their prior target price of $23.00.

A number of other equities research analysts also recently commented on the company. BidaskClub raised Air Transport Services Group from a sell rating to a hold rating in a report on Thursday, June 7th. ValuEngine downgraded Air Transport Services Group from a hold rating to a sell rating in a report on Friday, June 1st. Finally, Imperial Capital reaffirmed an in-line rating and set a $24.00 price target (down previously from $26.00) on shares of Air Transport Services Group in a research note on Thursday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $27.67.

Air Transport Services Group opened at $22.59 on Thursday, Marketbeat Ratings reports. Air Transport Services Group has a one year low of $19.17 and a one year high of $27.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 0.99. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 25.10 and a beta of 1.85.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Tuesday, May 8th. The transportation company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. Air Transport Services Group had a return on equity of 21.26% and a net margin of 2.36%. The company had revenue of $257.40 million during the quarter, compared to the consensus estimate of $244.15 million. During the same quarter last year, the company earned $0.17 earnings per share. Air Transport Services Group’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts predict that Air Transport Services Group will post 1.33 earnings per share for the current year.

In related news, CFO Quint O. Turner sold 3,500 shares of the business’s stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $22.64, for a total value of $79,240.00. Following the completion of the transaction, the chief financial officer now owns 243,874 shares of the company’s stock, valued at approximately $5,521,307.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider W Joseph Payne sold 12,500 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $22.51, for a total transaction of $281,375.00. Following the completion of the transaction, the insider now directly owns 159,619 shares of the company’s stock, valued at approximately $3,593,023.69. The disclosure for this sale can be found here. Insiders have sold a total of 16,600 shares of company stock valued at $374,133 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Air Transport Services Group in the 1st quarter valued at about $443,000. Allianz Asset Management GmbH raised its stake in Air Transport Services Group by 26.7% in the 1st quarter. Allianz Asset Management GmbH now owns 721,706 shares of the transportation company’s stock valued at $16,830,000 after purchasing an additional 152,227 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Air Transport Services Group in the 1st quarter valued at about $871,000. Royal Bank of Canada raised its stake in Air Transport Services Group by 344.1% in the 1st quarter. Royal Bank of Canada now owns 48,572 shares of the transportation company’s stock valued at $1,133,000 after purchasing an additional 37,634 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Air Transport Services Group by 299.4% in the 1st quarter. Millennium Management LLC now owns 449,870 shares of the transportation company’s stock valued at $10,491,000 after purchasing an additional 337,224 shares during the last quarter. 88.72% of the stock is owned by hedge funds and other institutional investors.

About Air Transport Services Group

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.

Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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

Leave a Reply