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

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Tuesday. The brokerage set a “hold” rating on the transportation company’s stock.

A number of other research firms have also recently commented on ATSG. 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. Truist Financial boosted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Up 0.0 %

Shares of NASDAQ ATSG opened at $21.98 on Tuesday. The stock has a fifty day moving average price of $21.29 and a 200 day moving average price of $17.28. The company has a market cap of $1.45 billion, a P/E ratio of -549.36 and a beta of 0.85. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.33. 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 earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $471.00 million during the quarter, compared to analyst estimates 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%. Air Transport Services Group’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Research analysts anticipate that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several institutional investors have recently added to or reduced their stakes in ATSG. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth about $45,000. Canada Pension Plan Investment Board acquired a new stake in Air Transport Services Group during the second quarter valued at approximately $58,000. Blue Trust Inc. lifted 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 worth $79,000 after buying an additional 4,528 shares during the last quarter. Cetera Trust Company N.A lifted its holdings in Air Transport Services Group by 14.2% during the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after buying an additional 1,355 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Air Transport Services Group in the 2nd quarter valued at approximately $156,000. 91.81% of the stock is owned by institutional investors and hedge funds.

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.