Air Transport Services Group’s (ATSG) “Hold” Rating Reiterated at Loop Capital

Air Transport Services Group (NASDAQ:ATSG)‘s stock had its “hold” rating reiterated by research analysts at Loop Capital in a note issued to investors on Tuesday, Benzinga reports. They currently have a $22.50 price objective on the transportation company’s stock, up from their previous price objective of $22.00. Loop Capital’s price objective indicates a potential upside of 2.27% from the company’s current price.

A number of other research analysts have also weighed in on ATSG. Truist Financial raised their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, August 12th. Stifel Nicolaus lifted 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 research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.10.

Air Transport Services Group Stock Performance

ATSG opened at $22.00 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 88.00 and a beta of 0.81. The company has a fifty day moving average of $16.00 and a 200 day moving average of $14.78. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.10.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data 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. The firm had revenue of $488.41 million during the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. As a group, sell-side analysts forecast that Air Transport Services Group will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Air Transport Services Group by 70.0% in the first quarter. Janney Montgomery Scott LLC now owns 42,763 shares of the transportation company’s stock worth $588,000 after purchasing an additional 17,609 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Air Transport Services Group during the 1st quarter valued at $243,000. Central Pacific Bank Trust Division bought a new position in Air Transport Services Group in the 1st quarter valued at $227,000. GSA Capital Partners LLP purchased a new position in Air Transport Services Group in the 1st quarter worth about $1,041,000. Finally, Empowered Funds LLC raised its stake in shares of Air Transport Services Group by 8.2% during the first quarter. Empowered Funds LLC now owns 242,599 shares of the transportation company’s stock valued at $3,338,000 after acquiring an additional 18,342 shares in the last quarter. 91.81% of the stock is 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.