Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Free Report) in a report released on Thursday morning. The brokerage issued a hold rating on the transportation company's stock.

Several other analysts also recently issued reports on ATSG. Loop Capital reissued a "hold" rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial lifted their target price 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Trading Up 0.1 %

Shares of ATSG traded up $0.02 during trading hours on Thursday, hitting $22.10. 471,152 shares of the stock traded hands, compared to its average volume of 798,145. The business has a fifty day moving average of $21.99 and a 200-day moving average of $17.94. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.45 billion, a PE ratio of -552.36 and a beta of 0.85. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.33.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $507.46 million. During the same period last year, the firm earned $0.32 earnings per share. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. Analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of Air Transport Services Group in the second quarter valued at $58,000. Blue Trust Inc. boosted its holdings in shares of Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock worth $79,000 after buying an additional 4,528 shares during the period. Meeder Asset Management Inc. grew its stake in Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after buying an additional 3,471 shares during the last quarter. Cetera Trust Company N.A raised its holdings in 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 acquiring an additional 1,355 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in Air Transport Services Group during the second quarter worth approximately $156,000. 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.