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

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Friday morning. The brokerage issued a hold rating on the transportation company’s stock.

A number of other brokerages also recently commented on ATSG. Loop Capital restated a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial upped their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.27 on Friday. The firm has a market cap of $1.46 billion, a PE ratio of -556.61 and a beta of 0.85. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The business has a 50 day moving average price of $22.00 and a 200-day moving average price of $18.28.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $471.00 million for 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 business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. Equities research analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Institutional investors have recently added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new position in Air Transport Services Group in the fourth quarter worth $33,000. Canada Pension Plan Investment Board bought a new position in Air Transport Services Group in the second quarter worth $58,000. Blue Trust Inc. raised its holdings in Air Transport Services Group by 1,320.1% in the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Air Transport Services Group by 106.0% in the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after purchasing an additional 3,471 shares in the last quarter. Finally, Cetera Trust Company N.A increased its holdings in shares of Air Transport Services Group by 14.2% during the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after acquiring an additional 1,355 shares in the last quarter. 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.