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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have received an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $20.60.

A number of research firms have weighed in on ATSG. Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. StockNews.com initiated coverage on shares of Air Transport Services Group in a research note on Friday. They issued a “hold” rating for the company. Finally, Loop Capital reaffirmed 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.

Air Transport Services Group Price Performance

Shares of ATSG opened at $22.27 on Friday. The company has a 50 day moving average of $22.00 and a 200-day moving average of $18.31. 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 stock has a market capitalization of $1.46 billion, a P/E ratio of -556.61 and a beta of 0.85. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. As a group, equities research analysts forecast that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Several hedge funds have recently added to or reduced their stakes in the business. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group in the fourth quarter valued at about $33,000. SG Americas Securities LLC lifted its position in Air Transport Services Group by 27.1% during the fourth quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock worth $371,000 after acquiring an additional 3,597 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after acquiring an additional 725 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of Air Transport Services Group by 4.1% in the fourth quarter. Oliver Luxxe Assets LLC now owns 121,965 shares of the transportation company’s stock valued at $2,681,000 after purchasing an additional 4,849 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Air Transport Services Group by 31.2% during the third quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company’s stock worth $434,000 after purchasing an additional 6,334 shares during the period. Institutional investors and hedge funds 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.