Analysts Set Air Transport Services Group, Inc. (NASDAQ:ATSG) Price Target at $24.33

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.33.

ATSG has been the topic of several analyst reports. Susquehanna lowered their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. StockNews.com cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Finally, Truist Financial increased their target price on shares of Air Transport Services Group from $16.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its position in shares of Air Transport Services Group by 53.9% during the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 767 shares during the last quarter. Credit Suisse AG increased its position in shares of Air Transport Services Group by 7.1% in the 3rd quarter. Credit Suisse AG now owns 12,133 shares of the transportation company’s stock valued at $292,000 after buying an additional 803 shares in the last quarter. Quarry LP increased its position in shares of Air Transport Services Group by 165.9% in the 2nd quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock valued at $27,000 after buying an additional 894 shares in the last quarter. New York State Common Retirement Fund increased 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 valued at $767,000 after buying an additional 960 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Air Transport Services Group by 141.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock valued at $35,000 after buying an additional 980 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $12.61 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $24.96. The business has a fifty day simple moving average of $13.16 and a 200 day simple moving average of $15.79. The firm has a market cap of $828.22 million, a price-to-earnings ratio of 16.81 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, February 26th. The transportation company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). The business had revenue of $517.04 million for the quarter, compared to analyst estimates of $521.04 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. As a group, sell-side analysts predict that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.

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.