While Air Transport Services Group Inc has overperformed by 1.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATSG fell by -37.01%, with highs and lows ranging from $24.96 to $11.62, whereas the simple moving average fell by -26.02% in the last 200 days.
On November 08, 2023, Susquehanna Downgraded Air Transport Services Group Inc (NASDAQ: ATSG) to Neutral. A report published by Oppenheimer on September 20, 2023, Initiated its previous ‘Outperform’ rating for ATSG. Truist also rated ATSG shares as ‘Hold’, setting a target price of $26 on the company’s shares in an initiating report dated October 21, 2022. Stifel Initiated an Buy rating on June 22, 2021, and assigned a price target of $30. Loop Capital October 12, 2020d its ‘Hold’ rating to ‘Buy’ for ATSG, as published in its report on October 12, 2020. SunTrust’s report from May 01, 2020 suggests a price prediction of $27 for ATSG shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Hold’.
Analysis of Air Transport Services Group Inc (ATSG)
Further, the quarter-over-quarter decrease in sales is -3.00%, showing a negative trend in the upcoming months.
One of the most important indicators of Air Transport Services Group Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 4.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ATSG is recording 681.11K average volume. On a monthly basis, the volatility of the stock is set at 4.54%, whereas on a weekly basis, it is put at 4.19%, with a loss of -0.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.17, showing growth from the present price of $13.12, which can serve as yet another indication of whether ATSG is worth investing in or should be passed over.
How Do You Analyze Air Transport Services Group Inc Shares?
The Airlines market is dominated by Air Transport Services Group Inc (ATSG) based in the USA. When comparing Air Transport Services Group Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.50, there is a growth in quarterly earnings of -146.84%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.12% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATSG shares are owned by institutional investors to the tune of 81.12% at present.
