Air Transport Services Group (NASDAQ:ATSG) Price Target Raised to $22.50

Air Transport Services Group (NASDAQ:ATSG) had its price target hoisted by Truist Financial from $15.00 to $22.50 in a research note issued to investors on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

A number of other brokerages also recently commented on ATSG. 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. Stifel Nicolaus increased their price target on 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Down 0.0 %

ATSG stock opened at $22.04 on Tuesday. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.27. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average is $16.34 and its 200-day moving average is $14.95. The firm has a market capitalization of $1.45 billion, a PE ratio of 88.16 and a beta of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. Air Transport Services Group’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. Sell-side analysts expect that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

A number of large investors have recently bought and sold shares of the company. River Road Asset Management LLC increased its position in Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after buying an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after purchasing an additional 380,958 shares in the last quarter. American Century Companies Inc. grew its position in shares of Air Transport Services Group by 14.8% in the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after purchasing an additional 239,919 shares in the last quarter. Anchor Capital Management Company LLC grew its position in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after purchasing an additional 233,789 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Air Transport Services Group by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock valued at $6,981,000 after purchasing an additional 15,400 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.