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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have earned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $20.60.

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Sunday. They set a “hold” rating on the stock.

Institutional Trading of Air Transport Services Group

Large investors have recently modified their holdings of the business. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group during the 4th quarter valued at $31,377,000. FIL Ltd acquired a new stake in shares of Air Transport Services Group during the fourth quarter valued at $31,146,000. TIG Advisors LLC acquired a new position in Air Transport Services Group in the 4th quarter valued at about $29,290,000. Nexpoint Asset Management L.P. purchased a new position in Air Transport Services Group in the 4th quarter valued at about $22,907,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth about $17,922,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Trading Up 0.7 %

Shares of ATSG stock opened at $22.48 on Friday. Air Transport Services Group has a 1-year low of $11.69 and a 1-year high of $22.49. The firm has a market cap of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. The company has a 50-day moving average of $22.32 and a two-hundred day moving average of $20.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG) last posted its 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. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. On average, analysts predict 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.