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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have received a consensus rating of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $20.60.

Several research analysts have recently commented on the company. Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com assumed coverage on shares of Air Transport Services Group in a research report on Thursday, January 16th. They issued a “hold” rating on the stock. Finally, Loop Capital reissued a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Air Transport Services Group

A number of hedge funds have recently modified their holdings of ATSG. Cetera Trust Company N.A boosted its stake in Air Transport Services Group by 6.6% during the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after purchasing an additional 725 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Air Transport Services Group by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after buying an additional 733 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Air Transport Services Group by 13.0% during the third quarter. Central Pacific Bank Trust Division now owns 21,815 shares of the transportation company’s stock worth $353,000 after buying an additional 2,518 shares during the last quarter. Pullen Investment Management LLC increased its position in Air Transport Services Group by 17.2% in the 3rd quarter. Pullen Investment Management LLC now owns 21,458 shares of the transportation company’s stock valued at $347,000 after acquiring an additional 3,155 shares during the period. Finally, Creative Planning raised its stake in Air Transport Services Group by 33.2% during the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock valued at $217,000 after acquiring an additional 3,338 shares during the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.17 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of -554.11 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33. The stock’s fifty day moving average is $22.00 and its two-hundred day moving average is $18.20.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Equities analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

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.