Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSGGet Free Report) have received an average rating of “Moderate Buy” from the four analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.25.

Several research analysts recently weighed in on ATSG shares. Stifel Nicolaus increased their target price on 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 raised their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday.

Read Our Latest Analysis on Air Transport Services Group

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATSG. Gladius Capital Management LP acquired a new stake in shares of Air Transport Services Group in the second quarter valued at about $34,000. Meeder Asset Management Inc. purchased a new position in Air Transport Services Group in the 2nd quarter worth approximately $45,000. CWM LLC grew its position in Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Air Transport Services Group in the second quarter valued at $58,000. Finally, Innealta Capital LLC acquired a new stake in Air Transport Services Group during the 2nd quarter valued at $73,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 26.4 %

Shares of Air Transport Services Group stock opened at $22.00 on Tuesday. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.10. The business’s fifty day moving average is $16.00 and its two-hundred day moving average is $14.78. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.45 billion, a PE ratio of 88.00 and a beta of 0.81.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last released its earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. Air Transport Services Group’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. Analysts anticipate that Air Transport Services Group will post 0.84 earnings per share for the current year.

About Air Transport Services Group

(Get Free Report

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.

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