Air Transport Services Group (NASDAQ:ATSG) Price Target Cut to $26.00 by Analysts at Stifel Nicolaus

Air Transport Services Group (NASDAQ:ATSG – Get Rating) had its price objective trimmed by Stifel Nicolaus from $27.00 to $26.00 in a report issued on Monday, The Fly reports.

A number of other analysts have also weighed in on the stock. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Thursday, March 16th. They issued a hold rating on the stock. Truist Financial reduced their price objective on Air Transport Services Group from $29.00 to $22.00 and set a hold rating for the company in a research note on Monday, February 27th. TheStreet cut Air Transport Services Group from a b- rating to a c+ rating in a report on Friday, March 24th. Finally, Susquehanna dropped their target price on Air Transport Services Group from $35.00 to $25.00 in a report on Tuesday, February 28th.

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Air Transport Services Group Price Performance

Shares of ATSG opened at $14.85 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.36 and a quick ratio of 1.17. The company’s fifty day moving average price is $20.36 and its 200-day moving average price is $24.65. Air Transport Services Group has a 1-year low of $14.77 and a 1-year high of $34.00. The firm has a market capitalization of $1.06 billion, a PE ratio of 7.62 and a beta of 0.76.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last issued its earnings results on Friday, May 5th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). Air Transport Services Group had a net margin of 8.20% and a return on equity of 12.63%. The firm had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $510.80 million. During the same quarter in the prior year, the company earned $0.56 EPS. Air Transport Services Group’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts predict that Air Transport Services Group will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other Air Transport Services Group news, CEO Richard Francis Corrado purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was purchased at an average price of $23.00 per share, for a total transaction of $46,000.00. Following the purchase, the chief executive officer now directly owns 183,222 shares in the company, valued at $4,214,106. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jeffrey J. Vorholt purchased 1,250 shares of the stock in a transaction dated Friday, March 10th. The shares were purchased at an average cost of $20.80 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now directly owns 33,700 shares of the company’s stock, valued at approximately $700,960. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard Francis Corrado acquired 2,000 shares of Air Transport Services Group stock in a transaction that occurred on Friday, March 3rd. The stock was purchased at an average cost of $23.00 per share, with a total value of $46,000.00. Following the completion of the purchase, the chief executive officer now owns 183,222 shares in the company, valued at approximately $4,214,106. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 8,375 shares of company stock worth $177,069. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Air Transport Services Group

A number of large investors have recently modified their holdings of the business. CenterBook Partners LP purchased a new stake in Air Transport Services Group during the 3rd quarter valued at about $378,000. Triumph Capital Management grew its position in shares of Air Transport Services Group by 6.6% in the fourth quarter. Triumph Capital Management now owns 24,300 shares of the transportation company’s stock valued at $631,000 after purchasing an additional 1,500 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Air Transport Services Group by 0.5% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 476,588 shares of the transportation company’s stock worth $12,382,000 after buying an additional 2,357 shares in the last quarter. MQS Management LLC purchased a new position in Air Transport Services Group during the third quarter worth approximately $287,000. Finally, Altshuler Shaham Ltd acquired a new position in Air Transport Services Group during the third quarter worth $38,000. Hedge funds and other institutional investors own 95.77% of the company’s stock.

Air Transport Services Group Company Profile

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Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.

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