Analysts Set Air Transport Services Group, Inc. (NASDAQ:ATSG) Price Target at $20.60

Air Transport Services Group, Inc. (NASDAQ:ATSG) has received a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.60.

A number of analysts recently commented on ATSG shares. Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Loop Capital reiterated a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, StockNews.com initiated coverage on Air Transport Services Group in a research note on Monday, December 23rd. They issued a “hold” rating for the company.

Air Transport Services Group Stock Down 0.1 %

Air Transport Services Group stock opened at $21.92 on Wednesday. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $20.84 and a 200-day moving average price of $16.99. The company has a market capitalization of $1.44 billion, a P/E ratio of -547.86 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s revenue was down 10.0% on a year-over-year basis. As a group, equities analysts predict that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Trading of Air Transport Services Group

A number of institutional investors and hedge funds have recently modified their holdings of ATSG. The Manufacturers Life Insurance Company boosted its stake in shares of Air Transport Services Group by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after buying an additional 733 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of Air Transport Services Group by 14.2% in the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after buying an additional 1,355 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in Air Transport Services Group by 13.0% during the third quarter. Central Pacific Bank Trust Division now owns 21,815 shares of the transportation company’s stock valued at $353,000 after buying an additional 2,518 shares during the last quarter. Pullen Investment Management LLC raised its position in Air Transport Services Group by 17.2% in the third quarter. Pullen Investment Management LLC now owns 21,458 shares of the transportation company’s stock worth $347,000 after acquiring an additional 3,155 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Air Transport Services Group in the second quarter worth approximately $45,000. Institutional investors own 91.81% of the company’s stock.

About Air Transport Services Group

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. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, 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.