Loop Capital Reaffirms Hold Rating for Air Transport Services Group (NASDAQ:ATSG)

Air Transport Services Group (NASDAQ:ATSG - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Loop Capital in a report issued on Tuesday, Benzinga reports. They currently have a $22.50 price target on the transportation company's stock, up from their previous price target of $22.00. Loop Capital's target price would suggest a potential upside of 2.18% from the company's previous close.

Several other equities research analysts have also weighed in on ATSG. Truist Financial lifted their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the stock a "hold" rating in a 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 stock a "buy" rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

ATSG stock traded up $0.02 during midday trading on Tuesday, hitting $22.02. The company's stock had a trading volume of 3,945,983 shares, compared to its average volume of 605,548. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.10. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 88.00 and a beta of 0.81. The stock's 50-day moving average price is $16.00 and its 200 day moving average price is $14.78. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $488.41 million for the quarter, compared to analysts' expectations of $513.67 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company's quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts forecast that Air Transport Services Group will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATSG. Gladius Capital Management LP purchased a new stake in shares of Air Transport Services Group in the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. purchased a new stake in shares of Air Transport Services Group during the 2nd quarter valued at $45,000. CWM LLC lifted its holdings in shares of Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company's stock worth $58,000 after acquiring an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Air Transport Services Group in the second quarter worth $58,000. Finally, Innealta Capital LLC bought a new position in Air Transport Services Group in the second quarter valued at $73,000. 91.81% of the stock is 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.