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

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

Several other research analysts have also weighed in on ATSG. Loop Capital reaffirmed 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 increased their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Down 0.2 %

Shares of NASDAQ ATSG opened at $21.90 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of -547.36 and a beta of 0.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The company has a 50 day simple moving average of $19.73 and a 200-day simple moving average of $16.49. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last posted its 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). The business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, equities research analysts predict that Air Transport Services Group will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Air Transport Services Group in the second quarter valued at $45,000. CWM LLC boosted its stake in shares of Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after buying an additional 2,480 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Air Transport Services Group during the second quarter worth about $58,000. Blue Trust Inc. grew its position in shares of Air Transport Services Group by 1,320.1% during the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after buying an additional 4,528 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Air Transport Services Group in the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

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.