Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $18.25 Consensus Target Price from Brokerages

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

ATSG has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Truist Financial lifted their target price 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. Finally, Loop Capital reissued a "hold" rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday.

Air Transport Services Group Price Performance

Shares of ATSG traded up $0.02 during mid-day trading on Tuesday, hitting $22.02. The company's stock had a trading volume of 3,945,984 shares, compared to its average volume of 605,548. The firm has a 50-day moving average price of $16.00 and a 200 day moving average price of $14.78. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 88.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.10.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $488.41 million for the quarter, compared to analysts' expectations of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The business's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, research analysts predict that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PAX Financial Group LLC acquired a new stake in Air Transport Services Group in the first quarter valued at approximately $668,000. Marshall Wace LLP lifted its stake in Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company's stock valued at $3,515,000 after acquiring an additional 190,202 shares during the last quarter. Anchor Capital Management Company LLC lifted its stake in Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock valued at $15,534,000 after acquiring an additional 233,789 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Air Transport Services Group by 82.3% in the first quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company's stock valued at $6,714,000 after acquiring an additional 220,300 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock valued at $41,120,000 after acquiring an additional 380,958 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.