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

Air Transport Services Group, Inc. (NASDAQ:ATSG) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.60.

Separately, StockNews.com initiated coverage on Air Transport Services Group in a report on Wednesday, March 5th. They set a “hold” rating on the stock.

Air Transport Services Group Trading Up 0.1 %

NASDAQ ATSG opened at $22.31 on Monday. The stock has a market cap of $1.47 billion, a P/E ratio of -557.61 and a beta of 0.79. The company’s fifty day simple moving average is $22.20 and its 200-day simple moving average is $19.91. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Equities research analysts predict that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new position in Air Transport Services Group during the fourth quarter worth $989,000. Pullen Investment Management LLC raised its holdings in shares of Air Transport Services Group by 45.4% during the fourth quarter. Pullen Investment Management LLC now owns 31,205 shares of the transportation company’s stock worth $686,000 after purchasing an additional 9,747 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Air Transport Services Group by 2,912.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company’s stock worth $2,070,000 after buying an additional 91,033 shares during the last quarter. BCK Capital Management LP acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at about $692,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Air Transport Services Group during the 4th quarter valued at about $17,922,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Company Profile

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.