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

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.60.

A number of analysts have recently weighed in on ATSG shares. Loop Capital restated a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. StockNews.com initiated coverage on shares of Air Transport Services Group in a research report on Thursday. They set a “hold” rating for the company. Finally, Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th.

Institutional Trading of Air Transport Services Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Air Transport Services Group by 247.7% during the 3rd quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 51,955 shares in the last quarter. Empowered Funds LLC increased its holdings in Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after buying an additional 29,104 shares during the period. Marshall Wace LLP raised its stake in shares of Air Transport Services Group by 300.8% in the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after buying an additional 190,202 shares in the last quarter. FMR LLC lifted its holdings in shares of Air Transport Services Group by 74.9% during the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after acquiring an additional 91,521 shares during the period. Finally, Anchor Capital Management Company LLC lifted its holdings in shares of Air Transport Services Group by 26.4% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after acquiring an additional 233,789 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $22.11 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of -552.61 and a beta of 0.85. The business has a 50-day moving average of $21.99 and a two-hundred day moving average of $18.03. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG) last posted 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). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities research analysts predict that Air Transport Services Group will post 0.83 EPS for the current fiscal 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.