Air Transport Services Group (NASDAQ:ATSG) Stock Ranking Updated by StockNews.com
Airline Services Group (NASDAQ:ATSG – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note released Thursday to investors.
Several other research analysts have also weighed in on the ATSG recently. Truist Financial raised its price target on shares of Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research note. Cowen raised his price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Stephens raised his price target on shares of Air Transport Services Group from $34.00 to $40.00 and gave the company an “overweight” rating in a Wednesday, March 2 research note. Finally, Cowen raised his price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note.
Shares of ATSG opened at $29.83 on Thursday. The company has a market capitalization of $2.22 billion, a PE ratio of 10.89 and a beta of 0.54. The company has a fifty-day simple moving average of $31.45 and a 200-day simple moving average of $28.93. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt ratio of 0.98. Air Transport Services Group has a 12-month low of $21.42 and a 12-month high of $34.54.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last announced its results on Thursday, May 5. The transportation company reported earnings per share of $0.56 for the quarter, beating the consensus estimate of $0.40 by $0.16. The company posted revenue of $485.86 million in the quarter, compared to a consensus estimate of $474.93 million. Air Transport Services Group achieved a net margin of 12.96% and a return on equity of 13.71%. The company’s quarterly revenue increased by 29.2% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $0.19. Equity research analysts expect Air Transport Services Group to post EPS of 1.98 for the current year.
In other Air Transport Services Group news, insider James T. Pradetto sold 3,242 shares in a trade on Friday, March 11. The shares were sold at an average price of $31.47, for a total transaction of $102,025.74. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, insider Michael L. Berger sold 7,240 shares in a trade on Wednesday, March 16. The stock was sold at an average price of $31.80, for a total transaction of $230,232.00. The disclosure of this sale can be found here. Insiders have sold 10,924 shares of the company worth $346,388 over the past three months. 1.70% of the shares are held by insiders.
Hedge funds have recently increased or reduced their holdings in the stock. Rinkey Investments acquired a new stake in shares of Air Transport Services Group in Q4 worth approximately $42,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Air Transport Services Group in Q1 worth approximately $45,000. Zullo Investment Group Inc. acquired a new stake in shares of Air Transport Services Group in Q4 worth approximately $88,000. The Public Employees Retirement System of Ohio increased its equity stake in Air Transport Services Group by 12.9% in the fourth quarter. The Ohio Public Employees Retirement System now owns 3,813 shares of the transportation company worth $112,000 after acquiring 435 additional shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Air Transport Services Group in Q4 worth approximately $140,000. 93.34% of the shares are currently held by institutional investors and hedge funds.
Airline Services Group Company Profile (Get an evaluation)
Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.
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