Air Transport Services Group (NASDAQ:ATSG) Price Target Raised to $15.00 at Susquehanna

Air Transport Services Group (NASDAQ:ATSG) had its price target upped by Susquehanna from $14.00 to $15.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other research firms have also recently issued reports on ATSG. StockNews.com upgraded shares of Air Transport Services Group from a sell rating to a hold rating in a research note on Tuesday. Truist Financial decreased their target price on shares of Air Transport Services Group from $20.00 to $14.00 and set a hold rating for the company in a research note on Friday, April 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $21.83.

Air Transport Services Group Trading Down 0.8 %

Air Transport Services Group stock opened at $14.59 on Wednesday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $24.96. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25. The business’s fifty day simple moving average is $12.91 and its two-hundred day simple moving average is $15.01. The company has a market capitalization of $958.33 million, a price-to-earnings ratio of 23.16 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $479.77 million. During the same period in the prior year, the firm posted $0.36 EPS. Air Transport Services Group’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts predict that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Several large investors have recently added to or reduced their stakes in ATSG. Vanguard Group Inc. raised its position in shares of Air Transport Services Group by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock valued at $132,311,000 after purchasing an additional 103,496 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Air Transport Services Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock worth $70,669,000 after purchasing an additional 175,076 shares in the last quarter. Victory Capital Management Inc. raised its stake in Air Transport Services Group by 4,734.4% during 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 period. U S Global Investors Inc. raised its stake in Air Transport Services Group by 1.2% during the 1st quarter. U S Global Investors Inc. now owns 2,005,710 shares of the transportation company’s stock valued at $27,599,000 after purchasing an additional 23,356 shares during the period. Finally, FMR LLC lifted its holdings in Air Transport Services Group by 2.6% in the 3rd quarter. FMR LLC now owns 1,829,208 shares of the transportation company’s stock worth $38,176,000 after purchasing an additional 46,428 shares in the last quarter. Hedge funds and other 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.