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

Air Transport Services Group (NASDAQ:ATSG) had its price objective cut by Truist Financial from $20.00 to $14.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a hold rating on the transportation company’s stock.

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

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $12.83 on Friday. The firm’s fifty day moving average price is $13.11 and its two-hundred day moving average price is $15.67. The company has a market cap of $842.67 million, a P/E ratio of 17.11 and a beta of 0.85. Air Transport Services Group has a one year low of $11.62 and a one year 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.

Air Transport Services Group (NASDAQ:ATSG) last announced 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). The business had revenue of $517.04 million during 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%. Equities analysts expect that Air Transport Services Group will post 0.73 earnings per share for the current year.

Institutional Trading of Air Transport Services Group

Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Air Transport Services Group in the 4th quarter valued at $26,000. CWM LLC increased its stake in shares of Air Transport Services Group by 53.9% in the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 767 shares in the last quarter. TFO Wealth Partners LLC increased its stake in shares of Air Transport Services Group by 64,275.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,575 shares of the transportation company’s stock valued at $450,000 after acquiring an additional 2,571 shares in the last quarter. Cetera Trust Company N.A acquired a new stake in Air Transport Services Group in the 4th quarter valued at $90,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Air Transport Services Group in the 3rd quarter valued at $196,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Company Profile

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.