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

Analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the transportation company’s stock.

ATSG has been the subject of several other reports. Loop Capital reissued 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. Truist Financial increased their target price 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Price Performance

Shares of ATSG opened at $22.03 on Wednesday. The stock has a market capitalization of $1.45 billion, a PE ratio of -550.61 and a beta of 0.85. The company has a 50 day moving average price of $21.70 and a 200-day moving average price of $17.58. 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 has a fifty-two week low of $11.62 and a fifty-two week high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results 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). The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. Equities analysts predict that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Institutional investors have recently bought and sold shares of the stock. River Road Asset Management LLC raised its holdings in shares of Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after buying an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted 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 worth $41,120,000 after acquiring an additional 380,958 shares during the period. American Century Companies Inc. increased its holdings in shares of Air Transport Services Group by 14.8% in the second 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 period. State Street Corp raised its stake in shares of 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 worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC lifted its holdings in shares of 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 purchasing an additional 233,789 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.