Air Transport Services Group (NASDAQ:ATSG) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Several other brokerages have also issued reports on ATSG. Susquehanna lowered 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 lowered their target price on Air Transport Services Group from $20.00 to $14.00 and set a hold rating on the stock in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Air Transport Services Group currently has a consensus rating of Moderate Buy and an average target price of $23.33.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock opened at $14.71 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. The firm has a market cap of $966.15 million, a price-to-earnings ratio of 19.61 and a beta of 0.85. The stock’s 50-day moving average is $12.86 and its 200-day moving average is $15.01. Air Transport Services Group has a one year low of $11.62 and a one year high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $485.50 million for the quarter, compared to analysts’ expectations of $479.77 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Equities analysts predict that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Several hedge funds have recently bought and sold shares of the company. Inspire Investing LLC raised its stake in Air Transport Services Group by 124.7% in the first quarter. Inspire Investing LLC now owns 48,865 shares of the transportation company’s stock valued at $672,000 after buying an additional 27,119 shares during the period. Inspire Advisors LLC acquired a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $1,060,000. Empowered Funds LLC raised its stake in Air Transport Services Group by 8.2% in the 1st 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 during the period. GSA Capital Partners LLP acquired a new stake in Air Transport Services Group during the 1st quarter valued at $1,041,000. Finally, Central Pacific Bank Trust Division bought a new position in Air Transport Services Group during the first quarter worth $227,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.