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

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the transportation company’s stock.

ATSG has been the subject of a number of other reports. Truist Financial lifted their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Loop Capital reiterated a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Performance

Air Transport Services Group stock opened at $21.97 on Tuesday. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.44 billion, a P/E ratio of -549.11 and a beta of 0.85. The stock’s 50 day moving average is $21.41 and its 200 day moving average is $17.31.

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

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in Air Transport Services Group in the second quarter worth about $45,000. Canada Pension Plan Investment Board bought a new position in shares of Air Transport Services Group during the 2nd quarter valued at approximately $58,000. Blue Trust Inc. increased its holdings 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 worth $79,000 after acquiring an additional 4,528 shares in the last quarter. Cetera Trust Company N.A raised its stake in Air Transport Services Group by 14.2% during the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after acquiring an additional 1,355 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Air Transport Services Group during the second quarter valued at approximately $156,000. 91.81% of the stock is owned by institutional investors.

Air Transport Services Group Company Profile

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.