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

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

Several other equities analysts have also issued reports on ATSG. Truist Financial boosted their price target 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. Loop Capital restated a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Trading Up 0.0 %

ATSG opened at $22.04 on Wednesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -550.86 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’s 50 day moving average price is $21.70 and its two-hundred day moving average price is $17.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results 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 negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. During the same quarter in the previous year, the firm earned $0.32 EPS. Air Transport Services Group’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, research analysts predict that Air Transport Services Group will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth $45,000. Canada Pension Plan Investment Board bought a new stake in Air Transport Services Group in the 2nd quarter worth about $58,000. Blue Trust Inc. grew its position in Air Transport Services Group by 1,320.1% in the 3rd 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. Cetera Trust Company N.A increased its stake in 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 buying an additional 1,355 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $156,000. 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.