Analysts predict Air Transport Services Group Inc (ATSG) stock to reach $20 in the next 12 months

Air Transport Services Group Inc [ATSG] stock is trading at $21.95, up 0.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ATSG shares have gain 0.23% over the last week, with a monthly amount drifted -0.05%, 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.

Air Transport Services Group Inc [ATSG] stock has fluctuated between $11.62 and $22.33 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Air Transport Services Group Inc [NASDAQ: ATSG] shares were valued at $21.95 at the most recent close of the market. An investor can expect a potential drop of -8.88% based on the average ATSG price forecast.

Analyzing the ATSG fundamentals

Air Transport Services Group Inc [NASDAQ:ATSG] reported sales of 1.96B for the trailing twelve months, which represents a drop of -9.92%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.06.

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 21.91 points at the first support level, and at 21.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.97, and for the 2nd resistance point, it is at 22.00.

Ratios To Look Out For

For context, Air Transport Services Group Inc’s Current Ratio is 0.81. In addition, the Quick Ratio stands at 0.68 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 0.98.

Transactions by insiders

Recent insider trading involved Berger Michael L, Chief Executive Officer, that happened on Jun 07 ’24 when 3996.0 shares were purchased. Executive Chairman, HETE JOSEPH C completed a deal on Jun 07 ’24 to buy 5000.0 shares.

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