Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note released on Friday. The firm issued a hold rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the stock. Loop Capital reissued a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their target price on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Down 0.1 %

Shares of Air Transport Services Group stock opened at $21.96 on Friday. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.27. The company has a market cap of $1.44 billion, a P/E ratio of -548.86 and a beta of 0.81. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $18.41 and a 200 day moving average price of $15.91.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $507.46 million. During the same period last year, the company earned $0.32 earnings per share. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, analysts expect that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in ATSG. Gladius Capital Management LP acquired a new stake in Air Transport Services Group in the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Transport Services Group in the second quarter worth $45,000. CWM LLC boosted its holdings in shares of Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after buying an additional 2,480 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Air Transport Services Group during the 2nd quarter worth $58,000. Finally, Blue Trust Inc. grew its stake in Air Transport Services Group by 1,320.1% in the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after buying an additional 4,528 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.