Air Transport Services Group (NASDAQ:ATSG) Receives “Hold” Rating from Loop Capital

Loop Capital reissued their hold rating on shares of Air Transport Services Group (NASDAQ:ATSG) in a report issued on Tuesday, Marketbeat Ratings reports. Loop Capital currently has a $22.50 price target on the transportation company’s stock, up from their prior price target of $22.00.

Several other research firms also recently commented on ATSG. Truist Financial increased their target price on Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Stifel Nicolaus raised their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group currently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Price Performance

ATSG stock opened at $22.02 on Tuesday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 88.08 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 company has a 50 day simple moving average of $16.11 and a 200 day simple moving average of $14.85. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.10.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The company had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. During the same period in the prior year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Research analysts anticipate that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Hedge funds have recently made changes to their positions in the stock. Pullen Investment Management LLC raised its stake in Air Transport Services Group by 3.6% during the second quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company’s stock worth $254,000 after buying an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Air Transport Services Group by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after acquiring an additional 733 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Air Transport Services Group by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after acquiring an additional 1,158 shares in the last quarter. Cetera Trust Company N.A lifted its stake in shares of Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 1,355 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $34,000. 91.81% of the stock is currently owned by institutional investors.

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.