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

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

Several other research analysts have also recently commented on the company. Loop Capital reissued a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial boosted their target price 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Air Transport Services Group has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

ATSG opened at $22.22 on Friday. 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 company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -555.36 and a beta of 0.85. The business’s 50-day moving average price is $22.03 and its two-hundred day moving average price is $18.55. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Friday, November 8th. The transportation company reported $0.13 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 the consensus estimate of $507.46 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue was down 10.0% on a year-over-year basis. Equities analysts expect that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Independence Bank of Kentucky acquired a new position in shares of Air Transport Services Group in the fourth quarter valued at approximately $33,000. Blue Trust Inc. increased its position 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 period. Meeder Asset Management Inc. increased its position in Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after buying an additional 3,471 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Air Transport Services Group during the second quarter worth $156,000. Finally, Cetera Trust Company N.A boosted its position in shares of Air Transport Services Group by 14.2% in the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after acquiring an additional 1,355 shares during the period. 91.81% of the stock is owned by institutional investors.

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.