Air Transport Services Group (NASDAQ:ATSG) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Air Transport Services Group (NASDAQ:ATSGFree Report) from a hold rating to a sell rating in a research note released on Tuesday.

ATSG has been the topic of a number of other research reports. Susquehanna cut their price target on shares of Air Transport Services Group from $15.00 to $14.00 and set a neutral rating on the stock in a research note on Wednesday, February 28th. Truist Financial raised their target price on shares of Air Transport Services Group from $16.00 to $20.00 and gave the company a hold rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $24.33.

Check Out Our Latest Stock Analysis on ATSG

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $13.21 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. The company has a market cap of $867.63 million, a P/E ratio of 17.61 and a beta of 0.83. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $24.96. The firm’s 50 day moving average is $14.04 and its two-hundred day moving average is $16.68.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last posted its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The company had revenue of $517.04 million for the quarter, compared to analysts’ expectations of $521.04 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. Analysts expect that Air Transport Services Group will post 0.73 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 company. Vanguard Group Inc. grew its holdings in Air Transport Services Group by 19.2% during the 1st quarter. Vanguard Group Inc. now owns 6,379,988 shares of the transportation company’s stock valued at $213,411,000 after purchasing an additional 1,029,325 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Air Transport Services Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock valued at $70,669,000 after purchasing an additional 175,076 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Air Transport Services Group by 4,734.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company’s stock valued at $38,698,000 after purchasing an additional 2,152,052 shares in the last quarter. U S Global Investors Inc. grew its holdings in Air Transport Services Group by 38.4% during the 4th quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock valued at $34,909,000 after purchasing an additional 550,229 shares in the last quarter. Finally, FMR LLC grew its holdings in Air Transport Services Group by 2.6% during the 3rd quarter. FMR LLC now owns 1,829,208 shares of the transportation company’s stock valued at $38,176,000 after purchasing an additional 46,428 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Company Profile

(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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Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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