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

Research analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued to investors on Thursday. The firm set a “hold” rating on the transportation company’s stock.

Several other brokerages have also issued reports on ATSG. Stifel Nicolaus lifted their target price 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 increased their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Trading Up 0.1 %

Shares of ATSG stock opened at $21.99 on Thursday. The company has a market capitalization of $1.45 billion, a PE ratio of -549.61 and a beta of 0.81. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.27. The business’s fifty day moving average is $17.50 and its 200 day moving average is $15.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $507.46 million. During the same period in the previous year, the business earned $0.32 EPS. The business’s revenue was down 10.0% on a year-over-year basis. On average, equities research analysts anticipate that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. River Road Asset Management LLC increased its stake in Air Transport Services Group by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after purchasing an additional 201,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 buying an additional 380,958 shares during the period. American Century Companies Inc. raised 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 buying an additional 239,919 shares during the last quarter. State Street Corp boosted its position in Air Transport Services Group by 1.1% during the 3rd 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 during the period. Finally, Anchor Capital Management Company LLC grew its holdings in Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after acquiring an additional 233,789 shares during the last quarter. 91.81% of the stock is owned by institutional investors.

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.