StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

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

A number of other research firms have also recently weighed in on ATSG. Loop Capital restated 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. Stifel Nicolaus raised their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Truist Financial upped their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $21.96 on Friday. The company has a fifty day moving average price of $18.41 and a two-hundred day moving average price of $15.90. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.27. The stock has a market cap of $1.44 billion, a P/E ratio of -549.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG) last posted 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 business had revenue of $471.00 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. As a group, equities analysts predict that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of Air Transport Services Group by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company’s stock worth $434,000 after purchasing an additional 6,334 shares in the last quarter. Barclays PLC lifted its holdings in shares of Air Transport Services Group by 247.7% during the 3rd quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after acquiring an additional 51,955 shares during the period. Dean Investment Associates LLC boosted its position in shares of Air Transport Services Group by 39.8% during the 3rd quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock worth $2,810,000 after acquiring an additional 49,437 shares in the last quarter. XTX Topco Ltd bought a new position in Air Transport Services Group in the third quarter valued at approximately $269,000. Finally, Castleark Management LLC bought a new stake in Air Transport Services Group during the third quarter worth $2,826,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.