Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Recommendation of “Hold” by Analysts

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been given an average rating of “Hold” by the five brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $20.60.

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a report on Thursday. They set a “hold” rating on the stock.

Institutional Trading of Air Transport Services Group

Several institutional investors have recently made changes to their positions in ATSG. Creative Planning grew its stake in shares of Air Transport Services Group by 33.2% in the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock worth $217,000 after acquiring an additional 3,338 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after acquiring an additional 29,104 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of 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 worth $109,000 after acquiring an additional 3,471 shares in the last quarter. Phocas Financial Corp. grew its stake in shares of Air Transport Services Group by 49.4% in the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock worth $3,611,000 after acquiring an additional 73,752 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Air Transport Services Group in the 3rd quarter worth $197,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Up 0.0 %

Air Transport Services Group stock opened at $22.33 on Monday. 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 12-month low of $11.62 and a 12-month high of $22.38. The firm’s fifty day moving average is $22.22 and its 200 day moving average is $20.04. The company has a market capitalization of $1.47 billion, a PE ratio of -558.11 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. As a group, sell-side analysts predict that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

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.