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

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note published on Monday morning. The brokerage issued a hold rating on the transportation company’s stock.

Several other analysts have also commented on the company. Loop Capital reissued a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial boosted their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Air Transport Services Group currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG opened at $21.95 on Monday. The company has a market capitalization of $1.44 billion, a PE ratio of -548.61 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 company’s fifty day moving average price is $20.62 and its 200 day moving average price is $16.92. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.33.

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 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 firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. During the same quarter last year, the company posted $0.32 EPS. The company’s revenue was down 10.0% on a year-over-year basis. On average, research analysts predict that Air Transport Services Group will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Bank of New York Mellon Corp raised its holdings in Air Transport Services Group by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,112 shares of the transportation company’s stock valued at $3,802,000 after acquiring an additional 14,957 shares during the last quarter. Legato Capital Management LLC increased its holdings in shares of Air Transport Services Group by 39.9% in the second quarter. Legato Capital Management LLC now owns 45,799 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 13,066 shares during the last quarter. Innealta Capital LLC purchased a new position in Air Transport Services Group during the second quarter worth approximately $73,000. American Century Companies Inc. boosted its stake in Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Air Transport Services Group during the second quarter worth $45,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

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.