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

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

Several other research firms also recently commented on ATSG. Truist Financial raised their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Loop Capital restated 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

ATSG opened at $22.29 on Wednesday. The company has a fifty day moving average of $22.18 and a 200 day moving average of $19.70. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.38. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.11 and a beta of 0.84. 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 (NASDAQ:ATSG) last released its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.96 billion during 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%. As a group, sell-side analysts forecast that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several hedge funds and other institutional investors have recently bought and sold shares of ATSG. Independence Bank of Kentucky purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth $33,000. Sterling Capital Management LLC raised its holdings in Air Transport Services Group by 797.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after purchasing an additional 1,459 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after buying an additional 1,246 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Air Transport Services Group by 96.8% in the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after buying an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Air Transport Services Group in the 4th quarter worth approximately $99,000. 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.