Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Average Recommendation of “Hold” by Brokerages

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $20.60.

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Air Transport Services Group in a research note on Monday, December 23rd. They set a “hold” rating for the company. Loop Capital reissued a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ATSG. The Manufacturers Life Insurance Company raised its stake in Air Transport Services Group by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 733 shares in the last quarter. Cetera Trust Company N.A raised its position in shares of Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after buying an additional 1,355 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Air Transport Services Group by 13.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 21,815 shares of the transportation company’s stock worth $353,000 after acquiring an additional 2,518 shares during the period. Pullen Investment Management LLC boosted its position in shares of Air Transport Services Group by 17.2% during the 3rd quarter. Pullen Investment Management LLC now owns 21,458 shares of the transportation company’s stock worth $347,000 after acquiring an additional 3,155 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Air Transport Services Group in the second quarter valued at approximately $45,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Trading Down 0.1 %

Air Transport Services Group stock opened at $21.92 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a 50-day simple moving average of $20.95 and a 200 day simple moving average of $17.08. The stock has a market capitalization of $1.44 billion, a P/E ratio of -547.86 and a beta of 0.85. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33.

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 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 business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue was down 10.0% on a year-over-year basis. Analysts expect that Air Transport Services Group will post 0.81 earnings per share for the current year.

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.