Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $20.60 Consensus Price Target from Brokerages

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

A number of research firms have issued reports on ATSG. StockNews.com assumed coverage on Air Transport Services Group in a research note on Monday. They issued a "hold" rating on the stock. Truist Financial boosted their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, Loop Capital reiterated a "hold" rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th.

Air Transport Services Group Price Performance

ATSG traded up $0.05 during trading on Wednesday, reaching $21.95. 1,348,559 shares of the company traded hands, compared to its average volume of 706,613. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.33. The firm has a fifty day simple moving average of $20.62 and a 200 day simple moving average of $16.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company has a market cap of $1.44 billion, a P/E ratio of -548.61 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million for the quarter, compared to analysts' expectations of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business's revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. On average, equities analysts forecast that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group during the 2nd quarter worth approximately $45,000. Canada Pension Plan Investment Board bought a new stake in shares of Air Transport Services Group during the second quarter worth $58,000. Blue Trust Inc. lifted its position in shares of Air Transport Services Group by 1,320.1% during the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock worth $79,000 after purchasing an additional 4,528 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Air Transport Services Group during the second quarter valued at $73,000. Finally, Cetera Trust Company N.A grew its holdings in shares of Air Transport Services Group by 14.2% in the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company's stock worth $177,000 after purchasing an additional 1,355 shares during the last quarter. Institutional investors own 91.81% of the company's stock.

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.