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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have earned an average recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.25.

Several research analysts have issued reports on the company. Loop Capital reiterated a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday. Truist Financial increased their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Institutional Investors Weigh In On Air Transport Services Group

Large investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP purchased 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 stake in Air Transport Services Group in the 2nd quarter valued at approximately $45,000. CWM LLC grew its holdings in Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after buying an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Air Transport Services Group during the second quarter worth $58,000. Finally, Innealta Capital LLC acquired a new position in shares of Air Transport Services Group in the second quarter worth $73,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Up 26.4 %

ATSG opened at $22.00 on Tuesday. The business has a 50 day moving average price of $16.00 and a two-hundred day moving average price of $14.78. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.10. The company has a market cap of $1.45 billion, a PE ratio of 88.00 and a beta of 0.81. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly 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. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The firm had revenue of $488.41 million during the quarter, compared to analysts’ expectations of $513.67 million. During the same period in the prior year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts anticipate that Air Transport Services Group will post 0.84 EPS for the current 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.