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

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.60.

Separately, StockNews.com started coverage on Air Transport Services Group in a research report on Wednesday, March 5th. They set a “hold” rating on the stock.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock opened at $22.29 on Monday. 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 $22.38. The company has a fifty day moving average of $22.19 and a 200-day moving average of $19.80. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.11 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. 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 $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Equities research analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Trading of Air Transport Services Group

A number of institutional investors have recently modified their holdings of the company. Independence Bank of Kentucky purchased a new position in Air Transport Services Group during the 4th quarter valued at about $33,000. Sterling Capital Management LLC increased its stake in shares of Air Transport Services Group by 797.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after buying an additional 1,459 shares during the period. AlphaQuest LLC raised its holdings in shares of Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,246 shares in the last quarter. Covestor Ltd raised its holdings in shares of Air Transport Services Group by 96.8% during the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Air Transport Services Group in the fourth quarter worth $99,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

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.