Air Transport Services Group Inc [ATSG] stock Downgrade by Susquehanna analyst, price target now $15

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Air Transport Services Group Inc [NASDAQ: ATSG] traded at a high on Monday, posting a 26.44 gain after which it closed the day’ session at $22.00.

The results of the trading session contributed to over 15501144 shares changing hands. Over the past one week, the price volatility of Air Transport Services Group Inc stands at 2.93% while the volatility over the past one month is 3.13%.

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The market cap for ATSG stock reached $1.46 billion, with 65.24 million shares outstanding and 51.13 million shares in the current float. Compared to the average trading volume of 461.17K shares, ATSG reached a trading volume of 15501144 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Air Transport Services Group Inc [ATSG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATSG shares is $21.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATSG stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Susquehanna have made an estimate for Air Transport Services Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 08, 2023. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on September 20, 2023, representing the official price target for Air Transport Services Group Inc stock. Previously, the target price had yet another raise to $26, while Truist analysts kept a Hold rating on ATSG stock.

The Average True Range (ATR) for Air Transport Services Group Inc is set at 0.87, with the Price to Sales ratio for ATSG stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 0.43.

How has ATSG stock performed recently?

Air Transport Services Group Inc [ATSG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.91. With this latest performance, ATSG shares gained by 47.75% in over the last four-week period, additionally plugging by 66.04% over the last 6 months – not to mention a rise of 9.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATSG stock in for the last two-week period is set at 86.25, with the RSI for the last a single of trading hit 92.14, and the three-weeks RSI is set at 80.43 for Air Transport Services Group Inc [ATSG]. The present Moving Average for the last 50 days of trading for this stock 15.99, while it was recorded at 18.28 for the last single week of trading, and 14.45 for the last 200 days.

Air Transport Services Group Inc [ATSG]: Deeper insight into the fundamentals

Air Transport Services Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.62 and a Current Ratio set at 0.74.

Earnings analysis for Air Transport Services Group Inc [ATSG]

With the latest financial reports released by the company, Air Transport Services Group Inc posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.49/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.17. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATSG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Air Transport Services Group Inc go to 0.50%.

Insider trade positions for Air Transport Services Group Inc [ATSG]

There are presently around $80.97%, or 104.03%% of ATSG stock, in the hands of institutional investors. The top three institutional holders of ATSG stocks are: AMAZON COM INC with ownership of 12.74 million shares, which is approximately 19.6104%. RIVER ROAD ASSET MANAGEMENT, LLC, holding 6.97 million shares of the stock with an approximate value of $$96.65 million in ATSG stocks shares; and RIVER ROAD ASSET MANAGEMENT, LLC, currently with $$82.25 million in ATSG stock with ownership which is approximately 9.1271%.