Air Transport Services Group (NASDAQ:ATSG) Price Target Lowered to $14.00 at Truist Financial

Air Transport Services Group (NASDAQ:ATSG) had its target price reduced by Truist Financial from $20.00 to $14.00 in a report published on Friday, Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other brokerages have also weighed in on ATSG. Susquehanna lowered their price objective on Air Transport Services Group from $15.00 to $14.00 and set a neutral rating for the company in a report on Wednesday, February 28th. StockNews.com cut shares of Air Transport Services Group from a hold rating to a sell rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $23.33.

Air Transport Services Group Stock Performance

Air Transport Services Group stock opened at $12.64 on Friday. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $24.96. 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 has a market capitalization of $830.25 million, a price-to-earnings ratio of 16.85 and a beta of 0.85. The firm’s fifty day moving average price is $13.11 and its 200 day moving average price is $15.74.

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

Institutional Trading of Air Transport Services Group

Hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in Air Transport Services Group by 374.9% in the 4th quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 986 shares during the last quarter. Lazard Asset Management LLC lifted its position in Air Transport Services Group by 1,147.3% in the 4th quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,262 shares during the last quarter. Quarry LP lifted its position in Air Transport Services Group by 165.9% in the 2nd quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 894 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Air Transport Services Group in the 4th quarter valued at about $26,000. Finally, Tower Research Capital LLC TRC lifted its position in Air Transport Services Group by 141.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 980 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

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.