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

Air Transport Services Group, Inc. (NASDAQ:ATSGGet Free Report) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.33.

A number of research firms have recently commented on ATSG. Susquehanna cut their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Truist Financial lowered their price target on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday. Finally, StockNews.com lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

Check Out Our Latest Report on Air Transport Services Group

Air Transport Services Group Stock Up 0.2 %

ATSG stock opened at $12.64 on Tuesday. The stock has a market capitalization of $830.20 million, a P/E ratio of 16.85 and a beta of 0.85. The firm has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $15.74. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $24.96.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last released its earnings results on Monday, February 26th. The transportation company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The company had revenue of $517.04 million for the quarter, compared to analysts’ expectations of $521.04 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. Equities analysts forecast that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Air Transport Services Group by 19.2% in the 1st quarter. Vanguard Group Inc. now owns 6,379,988 shares of the transportation company’s stock valued at $213,411,000 after purchasing an additional 1,029,325 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Air Transport Services Group by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock valued at $70,669,000 after acquiring an additional 175,076 shares during the period. Victory Capital Management Inc. raised its stake in shares of Air Transport Services Group by 4,734.4% in 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 acquiring an additional 2,152,052 shares during the period. U S Global Investors Inc. raised 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 acquiring an additional 550,229 shares during the period. Finally, FMR LLC raised its stake in shares of Air Transport Services Group by 2.6% in the 3rd quarter. FMR LLC now owns 1,829,208 shares of the transportation company’s stock valued at $38,176,000 after acquiring an additional 46,428 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Company Profile

(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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