Air Transport Services Group (NASDAQ:ATSG) PT raised to $40.00


Airline Services Group (NASDAQ:ATSG – Get Rating) had its price target raised by Cowen Research analysts from $31.00 to $40.00 in a research note released on Monday, reports The Fly. Cowen’s price target suggests a potential upside of 31.75% from the company’s current price.

Several other equity research analysts have also weighed in on the company recently. StockNews.com began covering Air Transport Services Group in a research note on Thursday, March 31. They issued a “holding” rating for the company. Truist Financial raised its price target on shares of Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research report. Finally, Stephens raised his price target on shares of Air Transport Services Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a Wednesday, March 2 report.

ATSG opened at $30.36 on Monday. The company has a debt ratio of 0.98, a current ratio of 1.13 and a quick ratio of 0.97. Air Transport Services Group has a fifty-two week minimum of $21.42 and a fifty-two week maximum of $34.54. The company’s 50-day moving average price is $31.57 and its two-hundred-day moving average price is $28.84. The company has a market capitalization of $2.26 billion, a price-earnings ratio of 11.16 and a beta of 0.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, May 5. The transportation company reported EPS of $0.56 for the quarter, beating analyst consensus estimates of $0.40 by $0.16. The company posted revenue of $485.86 million for the quarter, versus analyst estimates of $474.93 million. Air Transport Services Group achieved a net margin of 12.96% and a return on equity of 13.71%. Airline Services Group revenues increased 29.2% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.19. As a group, equity research analysts predict that Air Transport Services Group will post EPS of 1.97 for the current year.

In other Air Transport Services Group news, Director Jeffrey J. Vorholt bought 2,000 shares of the company in a trade on Friday, March 25. The shares were purchased at an average cost of $32.94 per share, for a total transaction of $65,880.00. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, insider Michael L. Berger sold 7,240 shares of the company in a trade that took place on Wednesday, March 16. The stock was sold at an average price of $31.80, for a total transaction of $230,232.00. The disclosure of this sale can be found here. In the past three months, insiders have sold 10,924 shares of the company valued at $346,388. Company insiders own 1.70% of the company’s shares.

A number of hedge funds and other institutional investors have recently shifted their ATSG holdings. Voya Investment Management LLC increased its stake in Air Transport Services Group by 10.5% in the third quarter. Voya Investment Management LLC now owns 489,861 shares of the transportation company valued at $12,643,000 after buying an additional 46,576 shares last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Air Transport Services Group in Q3 valued at approximately $5,594,000. Allspring Global Investments Holdings LLC purchased a new stake in Air Transport Services Group in Q4, valued at approximately $140,000. We Are One Seven LLC increased its stake in Air Transport Services Group by 3.6% during the 4th quarter. We Are One Seven LLC now owns 22,038 shares of the transportation company worth $647,000 after purchasing an additional 774 shares during the period. Finally, Prescott Group Capital Management LLC increased its stake in Air Transport Services Group by 45.6% in the third quarter. Prescott Group Capital Management LLC now owns 123,759 shares of the transportation company worth $3,194,000 after acquiring 38,759 additional shares in the last quarter. 93.34% of the shares are currently held by institutional investors and hedge funds.

Airline Services Group Company Profile (Get a rating)

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.

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