Brokerages Set Air Transport Services Group, Inc. (NASDAQ:ATSG) Price Target at $20.60

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) has been given an average rating of "Hold" by the five analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.60.

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a research report on Thursday. They issued a "hold" rating for the company.

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG traded up $0.01 during trading hours on Monday, reaching $22.32. 427,206 shares of the stock were exchanged, compared to its average volume of 946,061. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.86 and a beta of 0.79. The stock's fifty day simple moving average is $22.21 and its 200 day simple moving average is $19.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.38.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $521.36 million. Sell-side analysts predict that Air Transport Services Group will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in ATSG. Independence Bank of Kentucky bought a new position in Air Transport Services Group in the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC boosted its holdings in shares of Air Transport Services Group by 797.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company's stock valued at $36,000 after purchasing an additional 1,459 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after purchasing an additional 1,246 shares during the last quarter. Covestor Ltd raised its holdings in shares of Air Transport Services Group by 96.8% during the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock worth $82,000 after buying an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Air Transport Services Group during the 4th quarter worth $99,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.