Brokerages Set Air Transport Services Group, Inc. (NASDAQ:ATSG) PT at $24.33

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $24.33.

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Air Transport Services Group from $16.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. StockNews.com downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Finally, Susquehanna cut their price objective on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ATSG. Migdal Insurance & Financial Holdings Ltd. bought a new position in Air Transport Services Group in the 4th quarter worth $26,000. Quarry LP boosted its holdings in Air Transport Services Group by 165.9% in the 2nd quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock worth $27,000 after buying an additional 894 shares during the period. Harbour Investments Inc. boosted its holdings in Air Transport Services Group by 374.9% in the 4th quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock worth $32,000 after buying an additional 986 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Air Transport Services Group by 141.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock worth $35,000 after buying an additional 980 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Air Transport Services Group by 1,147.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,262 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

Shares of ATSG opened at $12.61 on Tuesday. The firm has a market cap of $828.22 million, a PE ratio of 16.81 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25. The firm has a fifty day simple moving average of $13.16 and a two-hundred day simple moving average of $15.79. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The company had revenue of $517.04 million for the quarter, compared to analysts’ expectations of $521.04 million. Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. On average, equities analysts anticipate that Air Transport Services Group will post 0.73 EPS for the current year.

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.