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

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

Several other research analysts also recently commented on the stock. Truist Financial lifted their target price on shares of Air Transport Services Group from $16.00 to $20.00 and gave the stock a hold rating in a report on Wednesday, January 10th. Susquehanna dropped their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a neutral rating on the stock in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $24.33.

Air Transport Services Group Stock Down 0.3 %

ATSG stock opened at $13.76 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $24.96. The company has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $16.58. The firm has a market cap of $903.76 million, a PE ratio of 18.35 and a beta of 0.83.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, February 26th. The transportation company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). The firm had revenue of $517.04 million during the quarter, compared to the consensus estimate of $521.04 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. Sell-side analysts anticipate that Air Transport Services Group will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATSG. Bank of New York Mellon Corp increased its stake in Air Transport Services Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 331,441 shares of the transportation company’s stock valued at $11,087,000 after acquiring an additional 9,681 shares during the period. PNC Financial Services Group Inc. increased its stake in Air Transport Services Group by 714.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company’s stock valued at $391,000 after acquiring an additional 10,268 shares during the period. Bank of Montreal Can increased its stake in Air Transport Services Group by 41.3% in the first quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company’s stock valued at $5,497,000 after acquiring an additional 47,129 shares during the period. MetLife Investment Management LLC increased its stake in Air Transport Services Group by 56.5% in the first quarter. MetLife Investment Management LLC now owns 32,199 shares of the transportation company’s stock valued at $1,077,000 after acquiring an additional 11,631 shares during the period. Finally, APG Asset Management N.V. bought a new stake in Air Transport Services Group in the first quarter valued at about $385,000. Institutional investors own 91.81% of the company’s stock.

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.