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 Wednesday. The firm issued a hold rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of 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. Truist Financial lifted their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Loop Capital reiterated a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Price Performance

ATSG stock opened at $22.02 on Wednesday. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.27. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -550.36 and a beta of 0.81. The business has a fifty day moving average of $17.07 and a two-hundred day moving average of $15.33.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same period in the previous year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, research analysts anticipate that Air Transport Services Group will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds have recently added to or reduced their stakes in ATSG. PAX Financial Group LLC acquired a new stake in Air Transport Services Group in the 1st quarter valued at about $668,000. Marshall Wace LLP increased its stake in shares of Air Transport Services Group by 300.8% during the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock worth $3,515,000 after buying an additional 190,202 shares during the period. Anchor Capital Management Company LLC raised its holdings in Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after acquiring an additional 233,789 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Air Transport Services Group by 82.3% in the first quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company’s stock worth $6,714,000 after acquiring an additional 220,300 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after acquiring an additional 380,958 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.