Air Transport Services Group (NASDAQ:ATSG) Stock Rating Upgraded by StockNews.com

Air Transport Services Group (NASDAQ:ATSG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other analysts have also recently issued research reports about the stock. Susquehanna cut their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Truist Financial cut their price objective on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Air Transport Services Group has a consensus rating of “Moderate Buy” and an average price target of $21.83.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG opened at $14.59 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average price is $12.91 and its two-hundred day moving average price is $15.01. The company has a market cap of $958.27 million, a PE ratio of 19.45 and a beta of 0.85. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The company had revenue of $485.50 million during the quarter, compared to the consensus estimate of $479.77 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts predict that Air Transport Services Group will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Air Transport Services Group in the fourth quarter valued at approximately $26,000. CWM LLC lifted its position in shares of Air Transport Services Group by 53.9% during the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 767 shares during the period. Cetera Trust Company N.A acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth $90,000. Entropy Technologies LP bought a new position in shares of Air Transport Services Group in the first quarter worth $157,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Air Transport Services Group in the third quarter valued at about $196,000. Institutional investors and hedge funds 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.