Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $20.60 Consensus PT from Analysts

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

Separately, StockNews.com started coverage on Air Transport Services Group in a research note on Wednesday, April 30th. They set a “hold” rating on the stock.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $22.48 on Tuesday. The firm has a market capitalization of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89. The business has a 50-day moving average of $22.40 and a 200-day moving average of $21.82. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a 1 year low of $11.69 and a 1 year high of $22.49.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Air Transport Services Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after purchasing an additional 15,250 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Air Transport Services Group by 3.3% during the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock worth $50,201,000 after buying an additional 72,367 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group in the 4th quarter valued at approximately $31,377,000. FIL Ltd bought a new stake in Air Transport Services Group in the 4th quarter valued at approximately $31,146,000. Finally, TIG Advisors LLC acquired a new position in Air Transport Services Group during the 4th quarter worth approximately $29,290,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.