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

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

ATSG has been the subject of several other research reports. Truist Financial boosted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. 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 assigned a buy rating to the stock. According to MarketBeat, Air Transport Services Group currently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $22.17 on Friday. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33. The firm has a market cap of $1.46 billion, a P/E ratio of -554.11 and a beta of 0.85. 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 business’s fifty day moving average is $22.00 and its two-hundred day moving average is $18.20.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 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 company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. Equities research analysts forecast that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new stake in shares of Air Transport Services Group in the second quarter worth about $58,000. Blue Trust Inc. increased its stake in Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after buying an additional 3,471 shares during the period. Hsbc Holdings PLC bought a new position in Air Transport Services Group in the second quarter valued at approximately $156,000. Finally, Cetera Trust Company N.A boosted its holdings in shares of Air Transport Services Group by 14.2% in the third 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 during the period. Institutional investors own 91.81% of the company’s stock.

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.