Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Rating of “Hold” by Brokerages

Air Transport Services Group, Inc. (NASDAQ:ATSG) has earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.60.

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a report on Saturday, March 29th. They issued a “hold” rating on the stock.

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.39 on Friday. The stock’s 50-day moving average is $22.31 and its 200 day moving average is $20.64. Air Transport Services Group has a 1-year low of $11.69 and a 1-year high of $22.46. 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 company has a market cap of $1.48 billion, a P/E ratio of -559.61 and a beta of 0.88.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Research analysts predict that Air Transport Services Group will post 0.83 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. Intech Investment Management LLC purchased a new position in shares of Air Transport Services Group in the third quarter worth $197,000. FMR LLC grew its stake in Air Transport Services Group by 74.9% during the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after purchasing an additional 91,521 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Air Transport Services Group in the third quarter valued at about $3,411,000. Systematic Financial Management LP purchased a new position in shares of Air Transport Services Group in the third quarter worth about $396,000. Finally, State Street Corp lifted its holdings in shares of Air Transport Services Group by 1.1% during 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 period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.