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

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

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus increased their target price on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Loop Capital reiterated a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial lifted 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Up 0.1 %

Shares of ATSG stock opened at $21.99 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm 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 1-year low of $11.62 and a 1-year high of $22.27. The business’s fifty day moving average price is $18.16 and its 200 day moving average price is $15.80.

Air Transport Services Group (NASDAQ:ATSG) last posted its 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 firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. During the same period last year, the company posted $0.32 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in 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 valued at $41,120,000 after purchasing an additional 380,958 shares during the period. American Century Companies Inc. boosted its position 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 worth $25,855,000 after acquiring an additional 239,919 shares during the period. Anchor Capital Management Company LLC boosted its position in Air Transport Services Group by 26.4% during 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 period. Hotchkis & Wiley Capital Management LLC acquired a new position in Air Transport Services Group during the 3rd quarter worth $3,411,000. Finally, River Road Asset Management LLC boosted its position in Air Transport Services Group by 2.9% during 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 acquiring an additional 201,722 shares during the period. 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.