Air Transport Services Group (NASDAQ:ATSG) Coverage Initiated by Analysts at StockNews.com

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

A number of other brokerages have also commented on ATSG. 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 research note on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Loop Capital reiterated 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 0.1 %

Shares of ATSG stock opened at $21.96 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of -548.86 and a beta of 0.81. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.27. The firm’s fifty day simple moving average is $18.41 and its 200 day simple moving average is $15.91. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in Air Transport Services Group during the second quarter worth about $34,000. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group in the second quarter valued at approximately $45,000. CWM LLC boosted its holdings in shares of Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after acquiring an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Air Transport Services Group during the 2nd quarter worth approximately $58,000. Finally, Blue Trust Inc. increased its holdings 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 purchasing an additional 4,528 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

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.