Air Transport Services Group (NASDAQ:ATSG) PT Raised to $15.00 at Truist Financial

Air Transport Services Group (NASDAQ:ATSG) had its price objective hoisted by equities researchers at Truist Financial from $14.00 to $15.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Truist Financial’s price objective would indicate a potential downside of 2.28% from the company’s current price.

A number of other equities research analysts also recently issued reports on ATSG. Susquehanna boosted their price target on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Stifel Nicolaus boosted their target price 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. TD Cowen increased 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. Finally, StockNews.com raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.67.

Air Transport Services Group Stock Down 1.1 %

Air Transport Services Group stock opened at $15.35 on Monday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.72. The stock has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $13.74. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 24.37 and a beta of 0.84.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results 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 2.37% and a return on equity of 6.61%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Equities analysts predict that Air Transport Services Group will post 0.75 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Broad Bay Capital Management LP purchased a new stake in Air Transport Services Group during the 4th quarter valued at approximately $8,831,000. Dimensional Fund Advisors LP grew its stake in Air Transport Services Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock valued at $70,669,000 after acquiring an additional 175,076 shares in the last quarter. PAX Financial Group LLC bought a new stake in Air Transport Services Group in the 1st quarter valued at $668,000. Thompson Siegel & Walmsley LLC lifted its stake in Air Transport Services Group by 23.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,074,016 shares of the transportation company’s stock worth $18,913,000 after purchasing an additional 200,770 shares in the last quarter. Finally, IPG Investment Advisors LLC boosted its holdings in shares of Air Transport Services Group by 159.7% during the 4th quarter. IPG Investment Advisors LLC now owns 703,477 shares of the transportation company’s stock valued at $12,388,000 after purchasing an additional 432,595 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

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.