At the time of writing, Air Transport Services Group Inc [ATSG] stock is trading at $13.70, down -2.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ATSG shares have gain 3.24% over the last week, with a monthly amount drifted -0.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Air Transport Services Group Inc [NASDAQ: ATSG] stock has seen the most recent analyst activity on November 08, 2023, when Susquehanna downgraded its rating to a Neutral and also revised its price target to $15 from $26. Previously, Oppenheimer started tracking the stock with Outperform rating on September 20, 2023, and set its price target to $27. On October 21, 2022, Truist initiated with a Hold rating and assigned a price target of $26 on the stock. Loop Capital upgraded its rating to a Buy and raised its price target to $33 on October 12, 2020. SunTrust started tracking with a Buy rating for this stock on May 01, 2020, and assigned it a price target of $27. In a note dated March 30, 2020, Loop Capital initiated an Hold rating and provided a target price of $20.50 on this stock.
For the past year, the stock price of Air Transport Services Group Inc fluctuated between $11.62 and $24.96. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Air Transport Services Group Inc [NASDAQ: ATSG] shares were valued at $13.70 at the most recent close of the market. An investor can expect a potential return of 191.97% based on the average ATSG price forecast.
Analyzing the ATSG fundamentals
According to Air Transport Services Group Inc [NASDAQ:ATSG], the company’s sales were 2.06B for trailing twelve months, which represents an -3.11% plunge. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.80 points at the first support level, and at 13.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.32, and for the 2nd resistance point, it is at 14.64.
Ratios To Look Out For
It is important to note that Air Transport Services Group Inc [NASDAQ:ATSG] has a current ratio of 0.75. Further, the Quick Ratio stands at 0.63, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.65 and price to earnings (TTM) ratio is 21.76.
Transactions by insiders
Recent insider trading involved HETE JOSEPH C, Executive Chairman, that happened on Jun 07 ’24 when 5000.0 shares were purchased. Chief Executive Officer, Berger Michael L completed a deal on Jun 07 ’24 to buy 3996.0 shares. Meanwhile, Chief Operating Officer Koharik Edward Joseph III bought 816.0 shares on Nov 10 ’23.
