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

Equities research analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the transportation company's stock.

A number of other brokerages have also weighed in on ATSG. Truist Financial boosted their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Loop Capital reiterated a "hold" rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Stock Up 0.1 %

Air Transport Services Group stock traded up $0.03 during mid-day trading on Monday, hitting $21.90. The company had a trading volume of 363,225 shares, compared to its average volume of 704,014. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.33. The company has a market capitalization of $1.44 billion, a PE ratio of -547.36 and a beta of 0.85. The stock's 50 day moving average price is $20.50 and its two-hundred day moving average price is $16.85. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million during the quarter, compared to analysts' expectations 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%. Air Transport Services Group's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. As a group, sell-side analysts anticipate that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

A number of large investors have recently made changes to their positions in ATSG. Franklin Resources Inc. boosted its holdings in shares of Air Transport Services Group by 31.2% in the third quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company's stock worth $434,000 after buying an additional 6,334 shares during the last quarter. Barclays PLC raised its position in Air Transport Services Group by 247.7% in the third 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 stake 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 during the last quarter. XTX Topco Ltd bought a new stake in shares of Air Transport Services Group during the 3rd quarter valued at $269,000. Finally, Castleark Management LLC purchased a new stake in shares of Air Transport Services Group in the 3rd quarter worth $2,826,000. 91.81% of the stock is currently owned by 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.