Reaffirmed: Air Transport Services Gr (NASDAQ:ATSG) In-Line Rating Reconfirmed by Analysts at Imperial Capital; $24 Target in Place

May 17, 2018 - By Hannah Black

Air Transport Services Group, Inc. (NASDAQ:ATSG) Logo

Investors sentiment decreased to 1.14 in 2017 Q4. Its down 0.08, from 1.22 in 2017Q3. It is negative, as 20 investors sold Air Transport Services Group, Inc. shares while 51 reduced holdings. 30 funds opened positions while 51 raised stakes. 51.88 million shares or 0.62% less from 52.21 million shares in 2017Q3 were reported.

First Interstate Retail Bank has 0% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Air Transport Services Group, Inc. (NASDAQ:ATSG). Menta Ltd Liability Corporation reported 105,037 shares. Monarch Ptnrs Asset Management Ltd Liability Company has 0.37% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG). Moreover, California Public Employees Retirement has 0% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG). Nuveen Asset Mngmt Limited Liability Corp invested in 0.14% or 956,598 shares. Quantbot Technology Lp reported 430 shares. Columbus Circle Invsts holds 0.07% or 169,792 shares. Waddell Reed Fincl accumulated 869,380 shares. Moreover, Rhumbline Advisers has 0% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG). 275,121 were accumulated by Tygh Capital Mngmt Inc. D E Shaw & holds 0.01% or 405,510 shares. Essex Invest Mngmt Ltd owns 65,610 shares. Tortoise Investment Mngmt Ltd owns 0% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG) for 700 shares. Intrust Bancorp Na owns 23,567 shares for 0.16% of their portfolio.

Since December 18, 2017, it had 0 insider buys, and 10 insider sales for $1.32 million activity. 4,000 shares were sold by TURNER QUINT O, worth $99,520 on Thursday, March 8. The insider PAYNE W JOSEPH sold $195,675.

Air Transport Services Gr (NASDAQ:ATSG) Rating Reaffirmed

Recently, In analysts note issued on Thursday morning, Air Transport Services Gr (NASDAQ:ATSG) shares have had their In-Line Rating maintained by equity research analysts at Imperial Capital, who currently has a $24 price target on company. This target by Imperial Capital gives the possibile upside of 11.01 % from the current stock price.

Air Transport Services Group, Inc. (NASDAQ:ATSG) Ratings Coverage

Among 4 analysts covering Air Transport Services (NASDAQ:ATSG), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Air Transport Services has $32.0 highest and $25.0 lowest target. $28.50’s average target is 31.82% above currents $21.62 stock price. Air Transport Services had 4 analyst reports since January 8, 2018 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Wednesday, February 28. Stifel Nicolaus maintained it with “Hold” rating and $25.0 target in Thursday, January 18 report. The firm has “Buy” rating by Stephens given on Monday, January 8. Susquehanna maintained the shares of ATSG in report on Friday, March 2 with “Hold” rating.

The stock decreased 0.55% or $0.12 during the last trading session, reaching $21.62. About 340,100 shares traded. Air Transport Services Group, Inc. (NASDAQ:ATSG) has risen 43.71% since May 18, 2017 and is uptrending. It has outperformed by 32.16% the S&P500.

Analysts await Air Transport Services Group, Inc. (NASDAQ:ATSG) to report earnings on August, 6. They expect $0.31 earnings per share, up 47.62 % or $0.10 from last year’s $0.21 per share. ATSG’s profit will be $18.31M for 17.44 P/E if the $0.31 EPS becomes a reality. After $0.35 actual earnings per share reported by Air Transport Services Group, Inc. for the previous quarter, Wall Street now forecasts -11.43 % negative EPS growth.

Air Transport Services Group, Inc., through its subsidiaries, provides aircraft leasing, airline operations, and aircraft maintenance and other support services to the air cargo transportation and package delivery industries in the United States and internationally. The company has market cap of $1.28 billion. The firm owns and leases cargo aircraft, such as Boeing 767, 757, and 737 aircraft to airlines and other customers. It has a 70.65 P/E ratio. It also provides airline activities to delivery companies, airlines, freight forwarders, and the U.S.

More recent Air Transport Services Group, Inc. (NASDAQ:ATSG) news were published by: Businesswire.com which released: “ATSG to Host First Quarter 2018 Conference Call” on April 26, 2018. Also Streetinsider.com published the news titled: “Air Transport Services Group (ATSG) PT Lowered to $23 at Stifel on 1Q Report; ‘Uncertainty Around Future Growth'” on May 08, 2018. Nasdaq.com‘s news article titled: “Report: Developing Opportunities within Canada Goose, Viking Therapeutics, Vector Group, Bruker, Air Transport …” with publication date: April 19, 2018 was also an interesting one.

Air Transport Services Group, Inc. (NASDAQ:ATSG) Ratings Chart

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