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

Equities researchers at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued on Monday. The brokerage set a “hold” rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on ATSG. Loop Capital reissued a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial lifted their target price 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Down 0.1 %

Shares of NASDAQ ATSG opened at $21.87 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The stock has a market capitalization of $1.44 billion, a PE ratio of -546.61 and a beta of 0.85. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.33. The business’s fifty day moving average price is $20.39 and its 200-day moving average price is $16.79.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same quarter in the prior year, the business earned $0.32 EPS. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Air Transport Services Group will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC grew its position in Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after acquiring an additional 201,722 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Air Transport Services Group by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares in the last quarter. American Century Companies Inc. lifted its position in Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares during the last quarter. State Street Corp boosted its stake in Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after buying an additional 13,880 shares in the last quarter. Finally, Anchor Capital Management Company LLC grew its position in Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after acquiring an additional 233,789 shares during the last quarter. Institutional investors 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.