Truist Financial Raises Air Transport Services Group (NASDAQ:ATSG) Price Target to $15.00

Air Transport Services Group (NASDAQ:ATSG) had its price objective hoisted by Truist Financial from $14.00 to $15.00 in a research note released on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

ATSG has been the topic of a number of other reports. StockNews.com upgraded shares of Air Transport Services Group from a sell rating to a hold rating in a research note on Tuesday, May 7th. TD Cowen increased their price objective on shares of Air Transport Services Group from $16.00 to $18.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Stifel Nicolaus increased their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a buy rating in a research note on Monday. Finally, Susquehanna increased their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $21.67.

Air Transport Services Group Price Performance

ATSG opened at $15.21 on Monday. The company has a fifty day simple moving average of $14.22 and a 200 day simple moving average of $13.75. The firm has a market cap of $999.66 million, a price-to-earnings ratio of 24.14 and a beta of 0.84. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.72. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The firm had revenue of $488.41 million for the quarter, compared to the consensus estimate of $513.67 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts expect that Air Transport Services Group will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Air Transport Services Group in the 4th quarter worth about $26,000. CWM LLC lifted its position in shares of Air Transport Services Group by 53.9% in the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock worth $39,000 after buying an additional 767 shares during the last quarter. Gladius Capital Management LP bought a new stake in Air Transport Services Group in the 2nd quarter valued at about $34,000. TFO Wealth Partners LLC lifted its position in Air Transport Services Group by 64,275.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,575 shares of the transportation company’s stock valued at $450,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Air Transport Services Group in the 2nd quarter valued at about $45,000. 91.81% of the stock is currently owned by institutional investors.

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.