Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.67.

Several brokerages have issued reports on ATSG. Truist Financial lifted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Stifel Nicolaus lifted their price objective 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.

Air Transport Services Group Stock Up 2.3 %

Shares of ATSG stock opened at $14.93 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.13. The firm’s fifty day moving average price is $15.31 and its two-hundred day moving average price is $13.90. The firm has a market capitalization of $981.26 million, a P/E ratio of 23.70 and a beta of 0.82.

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, beating the consensus estimate of $0.16 by $0.03. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The firm had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. During the same period in the previous year, the business earned $0.57 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. On average, equities analysts predict that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Air Transport Services Group by 10.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 916,824 shares of the transportation company’s stock valued at $16,145,000 after buying an additional 84,280 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Air Transport Services Group by 25.4% in the 4th quarter. BNP Paribas Financial Markets now owns 119,006 shares of the transportation company’s stock valued at $2,096,000 after buying an additional 24,103 shares in the last quarter. Jump Financial LLC raised its position in shares of Air Transport Services Group by 34.9% in the 4th quarter. Jump Financial LLC now owns 23,120 shares of the transportation company’s stock valued at $407,000 after buying an additional 5,980 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Air Transport Services Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock worth $70,669,000 after purchasing an additional 175,076 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Air Transport Services Group by 19.9% during the 4th quarter. Principal Financial Group Inc. now owns 30,865 shares of the transportation company’s stock worth $544,000 after purchasing an additional 5,129 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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.