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

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

A number of equities analysts have issued reports on ATSG shares. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Monday, December 23rd. They issued a “hold” rating on the stock. Truist Financial boosted their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Loop Capital reaffirmed 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 report on Tuesday, November 5th.

Air Transport Services Group Stock Down 0.1 %

NASDAQ ATSG opened at $21.92 on Wednesday. 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 has a 52 week low of $11.62 and a 52 week high of $22.33. The stock has a market capitalization of $1.44 billion, a P/E ratio of -547.86 and a beta of 0.85. The stock has a fifty day moving average of $20.95 and a 200-day moving average of $17.08.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities research analysts forecast that Air Transport Services Group will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of large investors have recently added to or reduced their stakes in ATSG. River Road Asset Management LLC raised its holdings in shares of Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after purchasing an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares during the last quarter. American Century Companies Inc. lifted its position in Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares in the last quarter. State Street Corp boosted its stake in shares of Air Transport Services Group by 1.1% during the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after buying an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC grew its holdings in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after acquiring an additional 233,789 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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.