Air Transport Services Group (NASDAQ:ATSG) PT Lowered to $14.00

Air Transport Services Group (NASDAQ:ATSG) had its price target reduced by investment analysts at Truist Financial from $20.00 to $14.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Truist Financial’s price target indicates a potential upside of 11.55% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Susquehanna decreased their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. StockNews.com lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.33.

Air Transport Services Group Stock Down 0.5 %

ATSG stock traded down $0.06 during midday trading on Friday, hitting $12.55. The company’s stock had a trading volume of 56,444 shares, compared to its average volume of 632,862. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. The company’s fifty day moving average price is $13.16 and its 200 day moving average price is $15.79. The stock has a market capitalization of $824.28 million, a P/E ratio of 16.69 and a beta of 0.85. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $521.04 million. As a group, equities research analysts predict that Air Transport Services Group will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several large investors have recently modified their holdings of the business. CWM LLC raised its stake in shares of Air Transport Services Group by 53.9% during the fourth quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 767 shares during the last quarter. Credit Suisse AG increased its position in shares of Air Transport Services Group by 7.1% during the third quarter. Credit Suisse AG now owns 12,133 shares of the transportation company’s stock worth $292,000 after buying an additional 803 shares during the period. Quarry LP increased its position in shares of Air Transport Services Group by 165.9% during the second quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock worth $27,000 after buying an additional 894 shares during the period. New York State Common Retirement Fund increased its position in shares of Air Transport Services Group by 2.3% during the fourth quarter. New York State Common Retirement Fund now owns 43,567 shares of the transportation company’s stock worth $767,000 after buying an additional 960 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of 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 worth $35,000 after buying an additional 980 shares during the period. Institutional investors own 91.81% of the company’s stock.

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.