Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $20.60 Consensus PT from Analysts

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.60.

Several brokerages recently commented on ATSG. Loop Capital reiterated a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. StockNews.com began coverage on Air Transport Services Group in a research report on Friday. They set a “hold” rating for the company. Finally, Truist Financial boosted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Air Transport Services Group Trading Up 0.4 %

Air Transport Services Group stock opened at $22.04 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.81 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 $22.27. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -550.86 and a beta of 0.81. The stock has a 50-day moving average price of $18.54 and a 200 day moving average price of $15.97.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results 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 negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was down 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Trading of Air Transport Services Group

Several hedge funds have recently modified their holdings of ATSG. Pullen Investment Management LLC raised its holdings in Air Transport Services Group by 3.6% during the second quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company’s stock worth $254,000 after purchasing an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Air Transport Services Group by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after purchasing an additional 733 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Air Transport Services Group by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,158 shares during the last quarter. Cetera Trust Company N.A raised its holdings in Air Transport Services Group by 14.2% during the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in Air Transport Services Group during the second quarter worth $34,000. 91.81% of the stock is owned by institutional investors and hedge funds.

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.