5 Best Airline Stocks to Buy According to Analysts

3. Air Transport Services Group, Inc. (NASDAQ:ATSG)

Average Analyst Price Target as of February 20: $23.29

Upside Potential as of February 20: 65.06%

Number of Hedge Fund Holders: 19

Wilmington, Ohio-based Air Transport Services Group, Inc. (NASDAQ:ATSG) is a leading provider of aircraft leasing and cargo and passenger air transportation and related services to domestic and foreign air carriers and other companies that outsource their cargo and passenger airlift requirements.

On November 6, Air Transport Services Group, Inc. (NASDAQ:ATSG) released its financial results for the three months ended September 30, 2023. It generated total revenues of $523 million and a net income of $17 million. It generated a normalized EPS of $0.32 for the quarter which missed the consensus estimate by $0.17.

As of Q4 2023, Air Transport Services Group, Inc. (NASDAQ:ATSG) shares were owned by 19 hedge funds with the total shares held by them valued at $106 million. D E Shaw was the lead hedge fund shareholder with ownership of 1.3 million shares valued at $24 million.

Like other stocks such as American Airlines Group Inc. (NASDAQ:AAL), United Airlines Holdings, Inc. (NYSE:UAL), and Delta Air Lines, Inc. (NYSE:DAL), the shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) are among the 11 best airline stocks to buy according to analysts.