Air Transport Services Group (NASDAQ:ATSG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the stock. Loop Capital reiterated a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial increased their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Air Transport Services Group has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.29 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The company has a market capitalization of $1.47 billion, a P/E ratio of -557.11 and a beta of 0.84. The company’s 50-day simple moving average is $22.17 and its two-hundred day simple moving average is $19.68. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.38.

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

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Air Transport Services Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock valued at $78,500,000 after acquiring an additional 15,250 shares during the last quarter. American Century Companies Inc. lifted its position in Air Transport Services Group by 3.3% during the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after acquiring an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Air Transport Services Group during the fourth quarter valued at approximately $31,377,000. FIL Ltd purchased a new stake in Air Transport Services Group during the fourth quarter valued at approximately $31,146,000. Finally, TIG Advisors LLC purchased a new stake in Air Transport Services Group during the fourth quarter valued at approximately $29,290,000. Hedge funds and other 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.