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

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Free Report) in a research report sent to investors on Thursday. The firm issued a hold rating on the transportation company's stock.

A number of other analysts also recently issued reports on ATSG. Truist Financial lifted their price objective on shares of 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 reaffirmed 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. Finally, Stifel Nicolaus upped their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and two have issued 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 Down 0.1 %

NASDAQ:ATSG traded down $0.03 on Thursday, hitting $21.96. 410,074 shares of the company's stock traded hands, compared to its average volume of 646,537. 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 company has a market cap of $1.44 billion, a PE ratio of -549.36 and a beta of 0.81. The firm has a 50-day moving average price of $17.50 and a 200-day moving average price of $15.54. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.27.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company 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 was down 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. Equities analysts anticipate that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in Air Transport Services Group during the 2nd quarter worth about $34,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Transport Services Group in the 2nd quarter valued at about $45,000. CWM LLC lifted its holdings in Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company's stock worth $58,000 after acquiring an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group in the second quarter valued at approximately $58,000. Finally, Blue Trust Inc. increased its position in shares of 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 valued at $79,000 after purchasing an additional 4,528 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.