Air Transport Services Group (NASDAQ:ATSG) Price Target Raised to $40.00 at Cowen

Air Transport Services Group (NASDAQ:ATSGGet Rating) had its target price upped by equities research analysts at Cowen from $31.00 to $40.00 in a research note issued on Monday, Stock Target Advisor reports. Cowen’s price objective points to a potential upside of 31.75% from the company’s current price.

ATSG has been the topic of several other reports. Stephens lifted their price target on shares of Air Transport Services Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, March 2nd. Truist Financial lifted their price target on Air Transport Services Group from $35.00 to $40.00 in a research report on Monday, February 28th. StockNews.com started coverage on Air Transport Services Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Cowen increased their price objective on shares of Air Transport Services Group from $31.00 to $40.00 in a report on Monday.

NASDAQ:ATSG opened at $30.36 on Monday. The stock has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $28.84. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 0.98. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 11.16 and a beta of 0.54. Air Transport Services Group has a twelve month low of $21.42 and a twelve month high of $34.54.

Air Transport Services Group (NASDAQ:ATSGGet Rating) last issued its earnings results on Thursday, May 5th. The transportation company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.16. Air Transport Services Group had a net margin of 12.96% and a return on equity of 13.71%. The business had revenue of $485.86 million for the quarter, compared to analyst estimates of $474.93 million. During the same period last year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. As a group, equities research analysts predict that Air Transport Services Group will post 1.97 EPS for the current fiscal year.

In other Air Transport Services Group news, insider Michael L. Berger sold 7,240 shares of Air Transport Services Group stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $31.80, for a total value of $230,232.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey J. Vorholt purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were bought at an average cost of $32.94 per share, with a total value of $65,880.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 10,924 shares of company stock valued at $346,388. 1.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rinkey Investments purchased a new stake in Air Transport Services Group in the 4th quarter valued at approximately $42,000. Zullo Investment Group Inc. purchased a new stake in shares of Air Transport Services Group during the fourth quarter worth about $88,000. Public Employees Retirement System of Ohio raised its position in shares of Air Transport Services Group by 12.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,813 shares of the transportation company’s stock valued at $112,000 after buying an additional 435 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $140,000. Finally, Emerald Advisers LLC acquired a new stake in Air Transport Services Group during the fourth quarter worth approximately $143,000. Institutional investors own 93.34% of the company’s stock.

Air Transport Services Group Company Profile (Get Rating)

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and internationally. The company offers aircraft, flight crews, aircraft maintenance, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.

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