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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $20.60.

Several equities analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Air Transport Services Group in a research note on Thursday, January 16th. They issued a “hold” rating on the stock. Truist Financial raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Loop Capital reissued a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th.

Air Transport Services Group Stock Performance

ATSG opened at $22.11 on Friday. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.33. The firm’s 50-day moving average price is $21.99 and its 200-day moving average price is $18.11. 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 company has a market cap of $1.45 billion, a P/E ratio of -552.61 and a beta of 0.85.

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

Institutional Trading of Air Transport Services Group

Several institutional investors and hedge funds have recently bought and sold shares of ATSG. Canada Pension Plan Investment Board acquired a new position in Air Transport Services Group in the 2nd quarter valued at $58,000. Blue Trust Inc. grew its stake in Air Transport Services Group by 1,320.1% in the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 4,528 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 3,471 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Air Transport Services Group in the 2nd quarter valued at about $156,000. Finally, Cetera Trust Company N.A lifted its holdings in Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors 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.