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

Stock analysts at StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a note issued to investors on Monday. The firm set a “hold” rating on the transportation company’s stock.

A number of other analysts also recently weighed in on the stock. Loop Capital reissued a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Price Performance

ATSG opened at $21.95 on Monday. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -548.61 and a beta of 0.85. 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 fifty day simple moving average of $20.50 and a 200 day simple moving average of $16.85.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share 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 business had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s revenue was down 10.0% on a year-over-year basis. Equities research analysts expect that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

Large investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Air Transport Services Group by 31.2% during the third quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company’s stock valued at $434,000 after purchasing an additional 6,334 shares during the period. Barclays PLC raised its holdings in shares of Air Transport Services Group by 247.7% in the 3rd quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 51,955 shares in the last quarter. Dean Investment Associates LLC lifted its stake in Air Transport Services Group by 39.8% during the third quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock valued at $2,810,000 after purchasing an additional 49,437 shares during the last quarter. XTX Topco Ltd acquired a new position in Air Transport Services Group in the third quarter worth approximately $269,000. Finally, Castleark Management LLC bought a new position in shares of Air Transport Services Group in the third quarter valued at $2,826,000. Institutional investors and hedge funds 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.