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

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

A number of other equities analysts have also recently commented on the company. Truist Financial raised 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. Loop Capital reissued a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.24 on Friday. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company has a 50 day moving average price of $22.06 and a 200 day moving average price of $18.86. The stock has a market capitalization of $1.46 billion, a P/E ratio of -555.86 and a beta of 0.84.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly 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 firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Equities research analysts forecast that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds have recently bought and sold shares of the stock. Alpine Associates Management Inc. purchased a new stake in shares of Air Transport Services Group during the fourth quarter worth approximately $31,377,000. Alberta Investment Management Corp acquired a new position in Air Transport Services Group during the 4th quarter worth approximately $10,990,000. Versor Investments LP purchased a new stake in shares of Air Transport Services Group in the 4th quarter valued at approximately $6,760,000. Picton Mahoney Asset Management acquired a new stake in shares of Air Transport Services Group in the 4th quarter valued at $6,045,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth $5,356,000. 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.