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

by · The Markets Daily

Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Free Report) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.60.

ATSG has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of 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. StockNews.com began coverage on Air Transport Services Group in a research note on Tuesday. They issued a “hold” rating for the company. Finally, Loop Capital reiterated 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 note on Tuesday, November 5th.

View Our Latest Research Report on Air Transport Services Group

Institutional Investors Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Air Transport Services Group in the second quarter worth $45,000. Canada Pension Plan Investment Board bought a new position in Air Transport Services Group in the 2nd quarter worth $58,000. Blue Trust Inc. increased its stake in Air Transport Services Group by 1,320.1% in 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 in the last quarter. Innealta Capital LLC bought a new stake in Air Transport Services Group during the second quarter valued at about $73,000. Finally, Cetera Trust Company N.A lifted its position in shares of Air Transport Services Group by 14.2% in the third 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 in the last quarter. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 0.0 %

NASDAQ ATSG opened at $21.98 on Wednesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -549.36 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33. The stock’s 50-day simple moving average is $21.18 and its two-hundred day simple moving average is $17.25.

Air Transport Services Group (NASDAQ:ATSG – Get Free Report) last issued its earnings results 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 business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $507.46 million. During the same quarter in the previous year, the business earned $0.32 EPS. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. Research analysts forecast that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

About Air Transport Services Group

(Get Free Report

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.

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