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

Air Transport Services Group (NASDAQ:ATSG) had its target price increased by equities researchers at Susquehanna from $14.00 to $15.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 1.97% from the stock’s current price.

ATSG has been the topic of a number of other research reports. Truist Financial decreased their price objective on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, April 19th. StockNews.com raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Air Transport Services Group presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Air Transport Services Group Trading Up 11.0 %

Shares of Air Transport Services Group stock opened at $14.71 on Wednesday. The stock has a market capitalization of $966.15 million, a P/E ratio of 19.61 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. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $12.86 and a 200 day simple moving average of $15.01.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $485.50 million for the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. Air Transport Services Group’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. Research analysts expect 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 bought and sold shares of ATSG. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at approximately $26,000. CWM LLC grew its position in Air Transport Services Group by 53.9% in the fourth quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 767 shares in the last quarter. TFO Wealth Partners LLC lifted its position in Air Transport Services Group by 64,275.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,575 shares of the transportation company’s stock worth $450,000 after buying an additional 2,571 shares in the last quarter. Cetera Trust Company N.A acquired a new position in shares of Air Transport Services Group during the 4th quarter worth about $90,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Air Transport Services Group in the 3rd quarter valued at about $196,000. 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.