Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Rating of “Moderate Buy” by Brokerages

Air Transport Services Group, Inc. (NASDAQ:ATSG) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.33.

ATSG has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Air Transport Services Group from $16.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Susquehanna lowered their price target on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, StockNews.com downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Institutional Investors Weigh In On Air Transport Services Group

Several large investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Air Transport Services Group during the fourth quarter valued at $26,000. Quarry LP increased its position in Air Transport Services Group by 165.9% during the second quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 894 shares during the last quarter. Harbour Investments Inc. increased its position in Air Transport Services Group by 374.9% during the fourth quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 986 shares during the last quarter. Lazard Asset Management LLC increased its position in Air Transport Services Group by 1,147.3% during the fourth quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,262 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Air Transport Services Group by 141.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 980 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG opened at $12.40 on Tuesday. The firm has a 50 day moving average of $13.27 and a 200 day moving average of $15.90. 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 firm has a market capitalization of $814.43 million, a price-to-earnings ratio of 16.53 and a beta of 0.85. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The firm had revenue of $517.04 million for the quarter, compared to analysts’ expectations of $521.04 million. On average, research analysts anticipate that Air Transport Services Group will post 0.73 earnings per share 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.