Zacks Investment Research upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a hold rating to a strong-buy rating in a report released on Tuesday, Zacks.com reports. The firm currently has $27.00 price objective on the transportation company’s stock.

According to Zacks, “AIR TRANSPORT SERVICES GROUP, INC. is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG subsidiaries include ABX Air, Inc., Air Transport International, LLC, Cargo Aircraft Management, Inc., Capital Cargo International Airlines, Inc., and LGSTX Services, Inc. “

A number of other equities research analysts have also recently commented on the company. Imperial Capital increased their target price on PARKER DRILLING/SH PAR $ from $20.00 to $25.00 and gave the stock an outperform rating in a research note on Thursday, May 9th. Stifel Nicolaus set a $26.00 target price on Air Transport Services Group and gave the stock a buy rating in a research note on Thursday, May 16th. Finally, BidaskClub cut Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $28.67.

ATSG opened at $23.18 on Tuesday. The business has a fifty day moving average price of $23.04. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.85 and a current ratio of 0.99. The company has a market capitalization of $1.38 billion, a P/E ratio of 18.54 and a beta of 0.98. Air Transport Services Group has a 12-month low of $17.06 and a 12-month high of $25.82.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $348.18 million during the quarter, compared to the consensus estimate of $306.01 million. Air Transport Services Group had a return on equity of 20.87% and a net margin of 7.33%. On average, sell-side analysts predict that Air Transport Services Group will post 1.32 EPS for the current fiscal year.

In other news, insider W Joseph Payne sold 5,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $24.47, for a total value of $122,350.00. Following the sale, the insider now directly owns 155,881 shares of the company’s stock, valued at $3,814,408.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sarah Elizabeth Williams sold 1,209 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.39, for a total value of $28,278.51. Following the completion of the sale, the vice president now directly owns 15,390 shares in the company, valued at $359,972.10. The disclosure for this sale can be found here. Over the last three months, insiders bought 27,200 shares of company stock worth $592,104 and sold 20,334 shares worth $482,581. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Quantamental Technologies LLC purchased a new stake in shares of Air Transport Services Group during the first quarter valued at $50,000. Great West Life Assurance Co. Can purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at $73,000. Amalgamated Bank purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at $201,000. Suntrust Banks Inc. purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at $226,000. Finally, Bluestein R H & Co. purchased a new stake in shares of Air Transport Services Group during the first quarter valued at $231,000. 90.52% of the stock is currently owned by hedge funds and other institutional investors.

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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