ValuEngine Upgrades Air Transport Services Group (ATSG) to “Sell”

ValuEngine upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a strong sell rating to a sell rating in a research note published on Wednesday.

A number of other analysts have also recently commented on ATSG. BidaskClub upgraded Air Transport Services Group from a sell rating to a hold rating in a research report on Wednesday, August 22nd. Imperial Capital upped their price target on Air Transport Services Group from $22.00 to $25.00 and gave the stock an in-line rating in a research report on Friday, October 5th. Zacks Investment Research upgraded Air Transport Services Group from a hold rating to a buy rating and set a $25.00 price target for the company in a research report on Tuesday, October 9th. Finally, Stifel Nicolaus set a $27.00 price target on Air Transport Services Group and gave the stock a buy rating in a research report on Monday, October 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $25.50.

Air Transport Services Group stock opened at $17.56 on Wednesday. The firm has a market cap of $1.04 billion, a P/E ratio of 14.16 and a beta of 1.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 0.88. Air Transport Services Group has a one year low of $17.06 and a one year high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 2nd. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $204.90 million for the quarter, compared to analysts’ expectations of $209.60 million. Air Transport Services Group had a net margin of 18.06% and a return on equity of 19.89%. The firm’s revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. As a group, research analysts anticipate that Air Transport Services Group will post 1.29 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc increased its position in Air Transport Services Group by 3.3% in the third quarter. Vanguard Group Inc now owns 4,822,983 shares of the transportation company’s stock worth $103,550,000 after buying an additional 152,528 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Air Transport Services Group by 3.3% in the third quarter. Vanguard Group Inc. now owns 4,822,983 shares of the transportation company’s stock worth $103,550,000 after acquiring an additional 152,528 shares during the period. BlackRock Inc. boosted its stake in shares of Air Transport Services Group by 12.3% in the second quarter. BlackRock Inc. now owns 3,784,017 shares of the transportation company’s stock worth $85,481,000 after acquiring an additional 413,118 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Air Transport Services Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,392,686 shares of the transportation company’s stock worth $72,838,000 after acquiring an additional 17,960 shares during the period. Finally, Private Capital Management LLC boosted its stake in shares of Air Transport Services Group by 1.9% in the third quarter. Private Capital Management LLC now owns 1,239,066 shares of the transportation company’s stock worth $26,603,000 after acquiring an additional 23,667 shares during the period. Institutional investors and hedge funds own 87.53% 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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