Brokerages Set Air Transport Services Group, Inc. (NASDAQ:ATSG) PT at $24.33

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.33.

Several equities analysts have commented on ATSG shares. StockNews.com cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Susquehanna lowered their price target on Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, Truist Financial boosted their price objective on Air Transport Services Group from $16.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATSG. Bank of New York Mellon Corp boosted its stake in shares of Air Transport Services Group by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 331,441 shares of the transportation company’s stock worth $11,087,000 after acquiring an additional 9,681 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Air Transport Services Group by 714.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company’s stock valued at $391,000 after purchasing an additional 10,268 shares during the period. Bank of Montreal Can increased its stake in Air Transport Services Group by 41.3% in the 1st quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company’s stock worth $5,497,000 after purchasing an additional 47,129 shares in the last quarter. MetLife Investment Management LLC increased its stake in Air Transport Services Group by 56.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,199 shares of the transportation company’s stock worth $1,077,000 after purchasing an additional 11,631 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new stake in Air Transport Services Group during the 1st quarter worth about $385,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Stock Down 0.3 %

Air Transport Services Group stock opened at $13.76 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.74 and a current ratio of 0.86. Air Transport Services Group has a one year low of $11.62 and a one year high of $24.96. The company has a 50-day simple moving average of $13.96 and a 200-day simple moving average of $16.64. The firm has a market capitalization of $903.76 million, a P/E ratio of 18.35 and a beta of 0.83.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, February 26th. The transportation company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The firm had revenue of $517.04 million during the quarter, compared to the consensus estimate of $521.04 million. As a group, equities analysts expect that Air Transport Services Group will post 0.73 earnings per share for the current 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.