November 30, 2016 - By whatsonthorold
The financial firm Seaport Global has began coverage on Air Transport Services Group (NASDAQ:ATSG)‘s stock, rating it a “Buy” while setting the target price at $20.00.
Out of 3 analysts covering Air Transport Services Group (NASDAQ:ATSG), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $20 is the highest target while $12 is the lowest. The $15.33 average target is -6.47% below today’s ($16.39) stock price. Air Transport Services Group has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Imperial Capital maintained Air Transport Services Group Inc. (NASDAQ:ATSG) on Sunday, August 9 with “Outperform” rating. The firm earned “Outperform” rating on Wednesday, February 10 by Cowen & Co. The rating was initiated by Seaport Global Securities on Tuesday, November 29 with “Buy”. The firm has “Hold” rating given on Friday, August 26 by Stifel Nicolaus.
The stock increased 2.63% or $0.42 during the last trading session, hitting $16.39. Air Transport Services Group Inc. (NASDAQ:ATSG) has risen 14.70% since April 27, 2016 and is uptrending. It has outperformed by 9.47% the S&P500.
Analysts await Air Transport Services Group Inc. (NASDAQ:ATSG) to report earnings on March, 14. They expect $0.23 earnings per share, up 9.52% or $0.02 from last year’s $0.21 per share. ATSG’s profit will be $13.25 million for 17.82 P/E if the $0.23 EPS becomes a reality. After $0.14 actual earnings per share reported by Air Transport Services Group Inc. for the previous quarter, Wall Street now forecasts 64.29% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.09, from 0.97 in 2016Q1. The ratio worsened, as 22 funds sold all Air Transport Services Group Inc. shares owned while 41 reduced positions. 22 funds bought stakes while 39 increased positions. They now own 52.58 million shares or 4.28% less from 54.93 million shares in 2016Q1.
Moreover, Menta Capital Ltd Liability has 0.03% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 15,790 shares. Princeton Alpha Mngmt L P owns 20,048 shares or 0.05% of their US portfolio. Nj State Employees Deferred Compensation Plan holds 0.03% or 10,000 shares in its portfolio. Metropolitan Life Ins New York owns 37,863 shares or 0% of their US portfolio. Wells Fargo And Mn, a California-based fund reported 49,403 shares. Lord Abbett & Llc, a New Jersey-based fund reported 378,246 shares. River Road Asset Mgmt Limited Liability Company last reported 0.66% of its portfolio in the stock. Prudential Fincl Inc accumulated 0% or 182,916 shares. Creative Planning has invested 0% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG). Bridgeway Mgmt Inc accumulated 614,150 shares or 0.12% of the stock. Da Davidson & holds 0% or 2,679 shares in its portfolio. Moreover, Red Mountain Capital Prtnrs Limited Co has 39.34% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 11.15 million shares. Ridgeworth Cap Mgmt Ltd Limited Liability Company reported 38,703 shares or 0% of all its holdings. D E Shaw And last reported 589,651 shares in the company. Strs Ohio holds 0% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG) for 56,000 shares.
Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 6 selling transactions for $1.99 million net activity. 30,000 shares with value of $483,422 were sold by TURNER QUINT O on Tuesday, November 15. HETE JOSEPH C had sold 50,000 shares worth $812,000 on Friday, November 11. Shares for $128,787 were sold by VORHOLT JEFFREY J on Thursday, November 10. $196,754 worth of Air Transport Services Group Inc. (NASDAQ:ATSG) was sold by Starkovich John Matthew on Friday, November 18. On Monday, November 14 the insider PAYNE W JOSEPH sold $328,046. On Friday, August 26 the insider Templeton Brady Thomas sold $44,160.
Air Transport Services Group, Inc. is a holding company. The company has a market cap of $944.39 million. The Firm provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It has a 30 P/E ratio. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.
According to Zacks Investment Research, “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.”
Air Transport Services Group, Inc. (ATSG), incorporated on October 5, 2007, is a holding company. The Firm provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers. ATSG’s leasing subsidiary, Cargo Aircraft Management, Inc. (CAM) leases cargo aircraft to ATSG’s airlines, as well as to non-affiliated airlines and other lessees. Airborne Global Solutions, Inc. (AGS) is its subsidiary that assists the Company’s businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers’ business and operational requirements. The Company’s other business include aircraft maintenance and modification services, aircraft part sales and brokerage, equipment leasing and maintenance, and mail and package sorting, and flight support.
More important recent Air Transport Services Group Inc. (NASDAQ:ATSG) news were published by: Marketwatch.com which released: “Amazon reaches air cargo to serve customers across the US” on March 09, 2016, also Businesswire.com published article titled: “Court Ruling Ends ABX Air Work Stoppage”, Businesswire.com published: “ABX Air Taking Steps to End Work Stoppage” on November 22, 2016. More interesting news about Air Transport Services Group Inc. (NASDAQ:ATSG) was released by: Fortune.com and their article: “Amazon Steps Up Its Air Delivery Game” with publication date: March 19, 2016.
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