Stifel Nicolaus Analysts Give Air Transport Services Group (ATSG) a $27.00 Price Target

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Air Transport Services Group (NASDAQ:ATSG) received a $27.00 price target from stock analysts at Stifel Nicolaus in a note issued to investors on Monday, October 15th. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 40.41% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, October 9th. ValuEngine downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Imperial Capital lifted their target price on Air Transport Services Group from $22.00 to $25.00 and gave the stock an “in-line” rating in a research note on Friday, October 5th. BidaskClub upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, Cowen dropped their price target on Air Transport Services Group from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.50.

Shares of NASDAQ ATSG traded down $0.74 during mid-day trading on Monday, reaching $19.23. 239,833 shares of the company’s stock were exchanged, compared to its average volume of 402,770. The firm has a market cap of $1.21 billion, a P/E ratio of 21.37 and a beta of 1.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 0.91. Air Transport Services Group has a twelve month low of $17.67 and a twelve month high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The business had revenue of $204.90 million for the quarter, compared to analyst estimates of $209.60 million. Air Transport Services Group had a return on equity of 19.89% and a net margin of 18.06%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. Equities analysts anticipate that Air Transport Services Group will post 1.32 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in Air Transport Services Group by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 995,400 shares of the transportation company’s stock valued at $22,485,000 after acquiring an additional 108,282 shares in the last quarter. Putnam Investments LLC bought a new position in shares of Air Transport Services Group in the 2nd quarter valued at $2,844,000. Rhumbline Advisers increased its stake in shares of Air Transport Services Group by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 59,369 shares of the transportation company’s stock valued at $1,341,000 after purchasing an additional 2,710 shares during the last quarter. Millennium Management LLC increased its stake in shares of Air Transport Services Group by 45.7% in the 2nd quarter. Millennium Management LLC now owns 655,518 shares of the transportation company’s stock valued at $14,808,000 after purchasing an additional 205,648 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Air Transport Services Group by 8.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,119,256 shares of the transportation company’s stock valued at $24,030,000 after purchasing an additional 84,783 shares during the last quarter. 87.30% 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.

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

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