Analysts at Truist Financial have raised their price target on Air Transport Services Group (NASDAQ:ATSG) to $29.00.

According to The Fly, stock analysts at Trust Financial raised their price objective for Air Transport Services Group (NASDAQ: ATSG) in a letter given to investors on Monday. The analysts raised their price objective from $28.00 to $29.00. According to the price target set for Trust Financial, there is the potential for a profit 10.56 percent higher than the price at which the stock is currently trading.

On Wednesday, October 12, StockNews.com started reporting on the shares of Air Transport Services Group. This is a separate development from what was previously mentioned. They advised their clients to “hold” the stock moving forward.

NASDAQ: ATSG shares were first offered for trading on Monday for $26.23. The debt-to-equity ratio comes in at 0.93, the quick ratio comes in at 1.04, the current ratio comes in at 1.22, and the quick ratio comes in at 0.93. The company currently has a market capitalization of $1.91 billion, a P/E ratio of 11.21, and a beta of 0.72. Each of these metrics is currently at its respective value. The simple moving average for the company over the past 50 days is $27.39, and the simple moving average for the past 200 days is $28.27. Air Transport Services Group’s lowest price in the past year was $23.32, and the company’s all-time high was $34.54 in that same period.

On November 3, the most recent earnings report for Air Transport Services Group was made public. This company’s stock is traded on NASDAQ under the symbol ATSG. The transportation company’s quarterly earnings per share of $0.60 were $0.07 higher than the average estimate reached by analysts across the industry. The transportation company’s quarterly earnings per share of $0.60 were $0.07 higher than the average estimate reached by analysts across the industry. The return on equity for the Air Transport Services Group came in at 14.10%, and the net margin for the company was 10.05% respectively. The company’s sales for the quarter came in at $516.92 million, a significant increase from the $498.59 million analysts anticipated. Experts agree that Air Transport Services Group will bring in $2.31 worth of revenue per share during the current financial year.

Only very recently have several hedge funds and other institutional investors altered the proportion of businesses held in each of their respective portfolios. Vanguard Group Inc. increased the amount of stock it held in Air Transport Services Group by 19.2% over the first quarter. Vanguard Group Inc. now has 6,379,988 stock held by the transportation company after making an additional purchase of 1,029,325 shares during the most recent fiscal quarter. These holdings are valued at a total of 213,411,000 dollars. During the third quarter, Dimensional Fund Advisors LP completed an 8.6% increase in the amount of Air Transport Services Group stock held in its portfolio. Dimensional Fund Advisors LP is now the direct owner of 3,370,231 shares of the stock of transportation company. These shares have a value of $81,190,000 and were acquired by the company by purchasing an additional 267,110 shares during the same period. In the second quarter, Driehaus Capital Management LLC made a 14.9% increase in the number of Air Transport Services Group shares it owned. Driehaus Capital Management LLC now holds a total of 1,739,522 shares of the transportation company’s stock. These shares have a value of $49,976,000 thanks to purchasing of an additional 225,309 shares during the most recent quarter. ExodusPoint Capital Management LP incurred a total expense of $2,994,000 during the third quarter due to the company’s decision to invest in Air Transport Services Group. Penserra Capital Management LLC added nearly $3,846,000 to its expenditures during the first quarter to increase the proportion of Air Transport Services Group stock it owned. This is by no means the least important item on this list. Institutional investors and hedge funds currently own 95.77 percent of the company’s stock.

Air Transport Services Group, Inc. and its subsidiaries in the United States of America and other countries around the world offer aircraft leasing, air cargo transportation, and other aviation-related services. In addition to fuel services for the aviation industry, a variety of aircraft maintenance and modification services are offered, including heavy maintenance, component repairs, engineering services, airframe modification, and line maintenance to fuel services for the aviation industry, a variety of aircraft maintenance and modification services are offered, including heavy maintenance, component repairs, engineering services, airframe modification, and line maintenance. In addition to these services, we also offer aviation fuel, aircraft, flight crews, maintenance, insurance for aircraft hulls and liabilities, and insurance for third-party liabilities.