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

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Thursday. The brokerage issued a hold rating on the transportation company’s stock.

Several other equities analysts have also recently commented on ATSG. Loop Capital reaffirmed a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Stifel Nicolaus upped their target price on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Truist Financial raised their target price on 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $21.96 on Thursday. The firm has a market capitalization of $1.44 billion, a P/E ratio of -548.86 and a beta of 0.81. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.27. The firm’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $15.64. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $507.46 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Trading of Air Transport Services Group

Institutional investors have recently bought and sold shares of the stock. River Road Asset Management LLC lifted its holdings in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after acquiring an additional 201,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Air Transport Services Group by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after purchasing an additional 380,958 shares in the last quarter. American Century Companies Inc. lifted its holdings in Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after purchasing an additional 239,919 shares during the last quarter. State Street Corp boosted its position in Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after buying an additional 13,880 shares in the last quarter. Finally, Anchor Capital Management Company LLC grew its stake in Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after buying an additional 233,789 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.