Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Air Transport Services Group Inc. before investing.

In this article, we go over a few key elements for understanding Air Transport Services Group Inc.’s stock price such as:

• Air Transport Services Group Inc.’s current stock price and volume
• Why Air Transport Services Group Inc.’s stock price changed recently
• Upgrades and downgrades for ATSG from analysts
• ATSG’s stock price momentum as measured by its relative strength

About Air Transport Services Group Inc. (ATSG)

Before we jump into Air Transport Services Group Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Air Transport Services Group, Inc. is a holding company. The Company is a provider of aircraft leasing and air cargo transportation and related services. It operates through two segments: Cargo Aircraft Management Inc. (CAM) and ACMI Services. The CAM segment includes the leasing of aircraft and aircraft engines. The ACMI Services segment includes the cargo and passenger aircraft flight operations of its three airlines. The Company?s ACMI Services segment includes the cargo and passenger aircraft flight operations of its three airline subsidiaries: ABX Air, Inc. (ABX), Air Transport International, Inc. (ATI), and Omni Air International, LLC (OAI). The Company offers an array of complementary solutions ranging from flight and ground operations to aircraft maintenance and overhaul services. It has a total in-service fleet comprised of 111 Boeing aircraft. The Company lease converted freighter aircraft to customers throughout North America, Europe, Asia and Africa.

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Air Transport Services Group Inc.’s Stock Price as of Market Close

As of February 13, 2024, 4:00 PM, CST, Air Transport Services Group Inc.’s stock price was $14.39.

Air Transport Services Group Inc. is down 5.95% from its previous closing price of $15.30.

During the last market session, Air Transport Services Group Inc.’s stock traded between $14.95 and $15.40. Currently, there are 67.25 million shares of Air Transport Services Group Inc. stock available for purchase.

Air Transport Services Group Inc.’s price-earnings (P/E) ratio is currently at 10.2, which is low compared to the Freight & Logistics - Courier, Postal, Air Freight & Land industry median of 16.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Air Transport Services Group Inc. Stock Price History

Air Transport Services Group Inc.’s (ATSG) price is currently down 7.1% so far this month.

During the month of February, Air Transport Services Group Inc.’s stock price has reached a high of $15.83 and a low of $14.13.

Over the last year, Air Transport Services Group Inc. has hit prices as high as $26.00 and as low as $14.03. Year to date, Air Transport Services Group Inc.’s stock is down 44.61%.

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What Caused Air Transport Services Group Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 12, 2024, there were 7 analysts who downgraded Air Transport Services Group Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Air Transport Services Group Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Air Transport Services Group Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Air Transport Services Group Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Air Transport Services Group Inc. (ATSG) by visiting AAII Stock Evaluator.

Relative Price Strength of Air Transport Services Group Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 12, 2024, Air Transport Services Group Inc. has a weighted four-quarter relative price strength of -11.60%, which translates to a Momentum Score of 28 and is considered to be Weak.

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Air Transport Services Group Inc. Stock Price: Bottom Line

As of February 13, 2024, Air Transport Services Group Inc.’s stock price is $14.39, which is down 5.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Air Transport Services Group Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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