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

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

ATSG has been the topic of a number of other research reports. Loop Capital reissued a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial boosted their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Up 0.0 %

Shares of ATSG stock opened at $22.11 on Thursday. 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 stock has a 50 day moving average of $21.99 and a 200 day moving average of $18.03. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33. The stock has a market cap of $1.45 billion, a P/E ratio of -552.61 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $471.00 million for 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 revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. As a group, sell-side analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new position in Air Transport Services Group in the 2nd quarter valued at about $58,000. Blue Trust Inc. raised its position 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 valued at $79,000 after purchasing an additional 4,528 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 3,471 shares during the last quarter. Cetera Trust Company N.A grew its holdings in shares of 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 purchasing an additional 1,355 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Air Transport Services Group in the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors 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.