Headlines about Air Transport Services Group (NASDAQ:ATSG) have been trending positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Air Transport Services Group earned a news impact score of 0.43 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Grand market lamb brings $2,725 (wnewsj.com)
- Air Transport Services Group, Inc (NASDAQ:ATSG) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Air Transport Se Up 37.3% Since SmarTrend Uptrend Call (ATSG) (mysmartrend.com)
- Air Transport Services : ATSG Subsidiary CAM to Lease Three 767s to Northern Aviation Services (4-traders.com)
- Brokerages Anticipate Air Transport Services Group, Inc (ATSG) Will Announce Quarterly Sales of $236.02 Million (americanbankingnews.com)
Several research firms have weighed in on ATSG. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Cowen and Company reiterated an “outperform” rating on shares of Air Transport Services Group in a research note on Monday, May 15th. Imperial Capital boosted their target price on shares of Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, May 15th. Sidoti reiterated a “buy” rating and set a $26.00 target price (up previously from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. Finally, BidaskClub upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.50.
Air Transport Services Group (NASDAQ ATSG) opened at 23.35 on Monday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 63.45 and a beta of 1.99. Air Transport Services Group has a 52-week low of $12.94 and a 52-week high of $24.21. The stock’s 50 day moving average is $22.87 and its 200 day moving average is $18.37.
Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. Air Transport Services Group had a return on equity of 11.82% and a net margin of 3.05%. The firm had revenue of $237.92 million during the quarter, compared to analyst estimates of $214.09 million. On average, analysts predict that Air Transport Services Group will post $0.96 earnings per share for the current fiscal year.
In other Air Transport Services Group news, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the transaction, the vice president now directly owns 24,842 shares in the company, valued at $552,486.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brady Thomas Templeton sold 3,500 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $23.72, for a total value of $83,020.00. Following the transaction, the insider now owns 90,729 shares of the company’s stock, valued at $2,152,091.88. The disclosure for this sale can be found here. Insiders have sold 4,468,192 shares of company stock valued at $100,226,850 over the last quarter. Corporate insiders own 2.20% of the company’s stock.
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About Air Transport Services Group
Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.
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