Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $21.83 Consensus Target Price from Analysts

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.83.

Several research analysts recently weighed in on the stock. Susquehanna upped their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 8th. TD Cowen upped their price target on shares of Air Transport Services Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. StockNews.com upgraded shares of Air Transport Services Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 7th. Finally, Truist Financial reduced their price target on shares of Air Transport Services Group from $20.00 to $14.00 and set a "hold" rating for the company in a research report on Friday, April 19th.

Hedge Funds Weigh In On Air Transport Services Group

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in 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 worth $132,311,000 after buying an additional 103,496 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 175,076 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 purchasing an additional 2,152,052 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Air Transport Services Group by 1.2% in the 1st quarter. U S Global Investors Inc. now owns 2,005,710 shares of the transportation company's stock valued at $27,599,000 after purchasing an additional 23,356 shares in the last quarter. Finally, FMR LLC raised its holdings 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 purchasing an additional 46,428 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock traded up $0.22 during trading hours on Friday, reaching $13.87. The stock had a trading volume of 725,677 shares, compared to its average volume of 423,695. The stock's 50 day moving average is $13.37 and its 200 day moving average is $14.14. The firm has a market capitalization of $911.59 million, a PE ratio of 22.02 and a beta of 0.86. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $24.96. 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 (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $485.50 million during the quarter, compared to the consensus estimate of $479.77 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The company's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities analysts expect that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.

Air Transport Services Group Company Profile

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.