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

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note released on Thursday. The brokerage issued a hold rating on the transportation company’s stock.

Several other equities analysts have also commented on the company. Truist Financial boosted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Loop Capital reissued a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.10 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a market cap of $1.45 billion, a PE ratio of -552.36 and a beta of 0.85. The company’s fifty day simple moving average is $21.99 and its 200-day simple moving average is $17.94. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. As a group, equities research 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group during the second quarter worth approximately $58,000. Blue Trust Inc. boosted its stake in Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 4,528 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Air Transport Services Group by 106.0% during 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. Hsbc Holdings PLC bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth about $156,000. Finally, Cetera Trust Company N.A raised its stake in shares of Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 1,355 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

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.