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

Investment analysts at StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report issued on Wednesday. The firm set a “hold” rating on the transportation company’s stock.

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

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.03 on Wednesday. The business’s fifty day moving average is $16.80 and its 200 day moving average is $15.22. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.81. The company has a market capitalization of $1.45 billion, a PE ratio of -550.61 and a beta of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $471.00 million for 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%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Sell-side analysts predict that Air Transport Services Group will post 0.84 earnings per share for the current year.

Institutional Trading of Air Transport Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of ATSG. Gladius Capital Management LP purchased a new position in shares of Air Transport Services Group during the second quarter valued at about $34,000. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group during the 2nd quarter valued at approximately $45,000. CWM LLC grew its holdings in shares of Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Air Transport Services Group in the second quarter worth $58,000. Finally, Innealta Capital LLC purchased a new stake in Air Transport Services Group during the second quarter valued at $73,000. 91.81% of the stock is currently 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.