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

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

Several equities analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, August 12th. Truist Financial boosted their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. StockNews.com assumed coverage on Air Transport Services Group in a report on Friday. They set a "hold" rating on the stock. Finally, Loop Capital reissued a "hold" rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th.

Institutional Trading of Air Transport Services Group

Several institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock worth $41,120,000 after buying an additional 380,958 shares during the period. American Century Companies Inc. increased its holdings in shares of Air Transport Services Group by 14.8% in the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company's stock valued at $25,855,000 after purchasing an additional 239,919 shares during the period. Anchor Capital Management Company LLC raised its stake in shares of Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock worth $15,534,000 after purchasing an additional 233,789 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Air Transport Services Group during the third quarter worth approximately $3,411,000. Finally, River Road Asset Management LLC lifted its holdings in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company's stock worth $116,085,000 after purchasing an additional 201,722 shares during the period. Hedge funds and other institutional investors own 91.81% of the company's stock.

Air Transport Services Group Trading Down 0.1 %

Shares of ATSG stock traded down $0.03 during trading hours on Friday, hitting $21.96. The company had a trading volume of 454,204 shares, compared to its average volume of 648,050. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The stock has a market capitalization of $1.44 billion, a PE ratio of -549.00 and a beta of 0.81. The company's fifty day moving average is $18.41 and its 200 day moving average is $15.90. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.27.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same period in the previous year, the company posted $0.32 EPS. Air Transport Services Group's revenue was down 10.0% on a year-over-year basis. Research analysts expect that Air Transport Services Group will post 0.81 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.