Air Transport Services Group (NASDAQ:ATSG) PT Raised to $25.00

Air Transport Services Group (NASDAQ:ATSG) had its price objective lifted by Stifel Nicolaus from $23.00 to $25.00 in a research report released on Monday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other brokerages also recently commented on ATSG. 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. Truist Financial cut their price objective on Air Transport Services Group from $20.00 to $14.00 and set a hold rating on the stock in a report on Friday, April 19th. StockNews.com raised Air Transport Services Group from a sell rating to a hold rating in a report on Tuesday, May 7th. Finally, Susquehanna lifted their price target on 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of Moderate Buy and a consensus price target of $21.67.

Air Transport Services Group Trading Up 2.2 %

Shares of ATSG opened at $15.54 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.75. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.70. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 24.67 and a beta of 0.84. The business’s fifty day moving average is $14.22 and its 200-day moving average is $13.75.

Air Transport Services Group (NASDAQ:ATSG) 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 for the quarter, compared to analysts’ expectations of $513.67 million. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities analysts anticipate that Air Transport Services Group will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATSG. Victory Capital Management Inc. boosted its stake in shares of Air Transport Services Group by 4,734.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company’s stock valued at $38,698,000 after purchasing an additional 2,152,052 shares during the last quarter. Broad Bay Capital Management LP acquired a new position in Air Transport Services Group in the fourth quarter valued at $8,831,000. IPG Investment Advisors LLC boosted its position in Air Transport Services Group by 159.7% during the fourth quarter. IPG Investment Advisors LLC now owns 703,477 shares of the transportation company’s stock valued at $12,388,000 after acquiring an additional 432,595 shares during the last quarter. DG Capital Management LLC grew its holdings in Air Transport Services Group by 137.9% during the 4th quarter. DG Capital Management LLC now owns 696,452 shares of the transportation company’s stock worth $12,265,000 after acquiring an additional 403,663 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after acquiring an additional 380,958 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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.