Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives Average Rating of “Hold” from Brokerages

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.60.

Several brokerages have recently commented on ATSG. Stifel Nicolaus increased their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Truist Financial increased their target price 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. Finally, Loop Capital reissued a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th.

Institutional Trading of Air Transport Services Group

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in Air Transport Services Group by 70.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 42,763 shares of the transportation company’s stock valued at $588,000 after purchasing an additional 17,609 shares during the period. Capstone Investment Advisors LLC bought a new position in Air Transport Services Group in the 1st quarter worth approximately $243,000. Central Pacific Bank Trust Division acquired a new stake in Air Transport Services Group in the 1st quarter valued at approximately $227,000. GSA Capital Partners LLP bought a new stake in Air Transport Services Group during the 1st quarter valued at $1,041,000. Finally, Empowered Funds LLC boosted its position in Air Transport Services Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 242,599 shares of the transportation company’s stock worth $3,338,000 after acquiring an additional 18,342 shares during the period. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Down 0.1 %

Shares of Air Transport Services Group stock opened at $22.01 on Tuesday. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.27. The company has a market capitalization of $1.45 billion, a PE ratio of 88.04 and a beta of 0.81. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. The business has a 50-day moving average of $16.44 and a 200-day moving average of $15.03.

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 $0.19 by ($0.06). The business had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. As a group, equities analysts forecast that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

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.