Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have earned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.67.

Several analysts have weighed in on ATSG shares. Truist Financial boosted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Susquehanna increased their target price on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Stifel Nicolaus raised their price target on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. TD Cowen increased their price objective on Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, StockNews.com upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG opened at $15.40 on Monday. The stock’s 50-day simple moving average is $14.33 and its two-hundred day simple moving average is $13.74. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.17. The firm has a market capitalization of $1.01 billion, a P/E ratio of 24.44 and a beta of 0.84. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.20.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $488.41 million during the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. As a group, equities analysts anticipate that Air Transport Services Group will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Air Transport Services Group by 53.9% in the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock worth $39,000 after buying an additional 767 shares during the period. Cetera Trust Company N.A bought a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $90,000. Duality Advisers LP bought a new stake in shares of Air Transport Services Group in the 4th quarter worth approximately $829,000. New York State Common Retirement Fund boosted its position in shares of Air Transport Services Group by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 43,567 shares of the transportation company’s stock worth $767,000 after purchasing an additional 960 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Air Transport Services Group by 4,734.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company’s stock valued at $38,698,000 after buying an additional 2,152,052 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.