Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $21.83 Consensus PT from Brokerages

Air Transport Services Group, Inc. (NASDAQ:ATSGGet Free Report) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.83.

A number of equities research analysts have recently issued reports on ATSG shares. Truist Financial cut their target price on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. TD Cowen upped their price objective on shares of 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. StockNews.com raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Susquehanna boosted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th.

Check Out Our Latest Report on Air Transport Services Group

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG opened at $14.42 on Friday. The firm has a 50-day moving average of $13.06 and a two-hundred day moving average of $14.89. The company has a market capitalization of $947.68 million, a price-to-earnings ratio of 22.89 and a beta of 0.85. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $24.96.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last issued its earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $479.77 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. As a group, analysts expect that Air Transport Services Group will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Air Transport Services Group by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock valued at $132,311,000 after buying an additional 103,496 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Air Transport Services Group by 12.7% during the 3rd quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock worth $24,122,000 after purchasing an additional 130,130 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Air Transport Services Group by 23.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,074,016 shares of the transportation company’s stock valued at $18,913,000 after purchasing an additional 200,770 shares in the last quarter. U S Global Investors Inc. lifted its stake in shares of Air Transport Services Group by 38.4% in the 4th quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock valued at $34,909,000 after purchasing an additional 550,229 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Air Transport Services Group by 255.4% in the third quarter. Assenagon Asset Management S.A. now owns 71,440 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 51,339 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

About Air Transport Services Group

(Get Free Report

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.

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Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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