Somewhat Positive Press Coverage Somewhat Unlikely to Impact Air Transport Services Group (ATSG) Stock Price

News stories about Air Transport Services Group (NASDAQ:ATSG) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Air Transport Services Group earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.192027477626 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

A number of equities analysts have issued reports on the stock. Imperial Capital raised their price target on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research report on Friday, May 5th. Cowen and Company raised their price target on shares of Air Transport Services Group from $19.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Sidoti reissued a “buy” rating and set a $26.00 price target (up from $23.00) on shares of Air Transport Services Group in a research report on Sunday, May 14th. Finally, BidaskClub lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Air Transport Services Group currently has an average rating of “Hold” and an average price target of $23.13.

Air Transport Services Group (NASDAQ ATSG) opened at 21.33 on Friday. The stock’s market cap is $1.26 billion. The stock’s 50 day moving average price is $23.35 and its 200 day moving average price is $20.15. Air Transport Services Group has a 12-month low of $12.94 and a 12-month high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $253.21 million for the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. Analysts forecast that Air Transport Services Group will post $0.86 EPS for the current fiscal year.

In related news, insider Willem Mesdag sold 4,377,330 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $22.42, for a total transaction of $98,139,738.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the sale, the insider now directly owns 185,452 shares in the company, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,386,432 shares of company stock worth $98,353,567. 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.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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