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

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

A number of other research analysts also recently issued reports on ATSG. Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Loop Capital reaffirmed a "hold" rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report 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 currently has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Stock Down 0.2 %

Air Transport Services Group stock traded down $0.04 during midday trading on Friday, reaching $21.90. The company's stock had a trading volume of 3,903,261 shares, compared to its average volume of 686,157. The company has a market cap of $1.44 billion, a P/E ratio of -547.36 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $19.73 and a 200-day simple moving average of $16.49. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.33.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business 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%. Air Transport Services Group's revenue was down 10.0% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. On average, research analysts expect that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Air Transport Services Group in the second quarter valued at about $45,000. CWM LLC boosted its stake in shares of Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company's stock valued at $58,000 after buying an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Air Transport Services Group during the second quarter worth $58,000. Blue Trust Inc. raised its position in Air Transport Services Group by 1,320.1% in the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock worth $79,000 after acquiring an additional 4,528 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Air Transport Services Group in the second quarter valued at $73,000. 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.