Brokerages Set Air Transport Services Group, Inc. (NASDAQ:ATSG) PT at $20.60

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $20.60.

A number of equities analysts have weighed in on the company. Loop Capital reissued a “hold” rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial boosted their target price 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. StockNews.com initiated coverage on shares of Air Transport Services Group in a research report on Friday. They set a “hold” rating for the company. Finally, Stifel Nicolaus upped their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 12th.

Hedge Funds Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in 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 valued at $434,000 after purchasing an additional 6,334 shares in the last quarter. Barclays PLC grew its stake in Air Transport Services Group by 247.7% in the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock valued at $1,180,000 after purchasing an additional 51,955 shares during the last quarter. Dean Investment Associates LLC grew its stake in Air Transport Services Group by 39.8% in the third quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock valued at $2,810,000 after purchasing an additional 49,437 shares during the last quarter. XTX Topco Ltd purchased a new position in Air Transport Services Group in the third quarter valued at about $269,000. Finally, Castleark Management LLC purchased a new position in Air Transport Services Group in the third quarter valued at about $2,826,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.04 on Friday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.27. The stock has a market cap of $1.45 billion, a PE ratio of -550.86 and a beta of 0.81. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company’s fifty day moving average price is $18.54 and its 200-day moving average price is $15.97.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations 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%. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. On average, equities analysts expect that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

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.