Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $20.60 Average Price Target from Brokerages

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $20.60.

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a research report on Thursday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ATSG. Rhumbline Advisers lifted its holdings in shares of Air Transport Services Group by 0.8% in the fourth quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock worth $1,838,000 after buying an additional 686 shares in the last quarter. Cetera Trust Company N.A lifted its stake in Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after purchasing an additional 725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Air Transport Services Group by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock valued at $640,000 after purchasing an additional 982 shares during the period. AlphaQuest LLC grew its position in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Air Transport Services Group by 797.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after purchasing an additional 1,459 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

ATSG opened at $22.33 on Monday. The firm has a market cap of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.79. The firm has a 50-day moving average of $22.22 and a 200 day moving average of $20.04. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. On average, research analysts expect that Air Transport Services Group will post 0.83 EPS 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.