Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $20.60 Consensus Price Target from Brokerages

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.60.

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Wednesday, March 5th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently modified their holdings of the company. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group during the 4th quarter worth approximately $33,000. Sterling Capital Management LLC grew its stake in Air Transport Services Group by 797.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after buying an additional 1,459 shares during the period. AlphaQuest LLC increased its position in shares of Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after acquiring an additional 1,246 shares in the last quarter. Covestor Ltd raised its stake in shares of Air Transport Services Group by 96.8% in the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 1,834 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Air Transport Services Group during the 4th quarter valued at $99,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Up 0.1 %

Shares of NASDAQ ATSG opened at $22.31 on Monday. The firm has a market cap of $1.47 billion, a P/E ratio of -557.61 and a beta of 0.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.38. The firm’s 50 day moving average price is $22.20 and its 200 day moving average price is $19.91.

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 (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. As a group, sell-side analysts anticipate that Air Transport Services Group will post 0.83 earnings per share for the current 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.