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

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

Several other brokerages also recently weighed in on ATSG. Loop Capital restated a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Truist Financial increased their target price on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Down 0.1 %

Shares of Air Transport Services Group stock opened at $21.96 on Thursday. The company has a fifty day moving average price of $17.50 and a 200 day moving average price of $15.54. 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 has a twelve month low of $11.62 and a twelve month high of $22.27. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -549.00 and a beta of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last posted 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 during the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Air Transport Services Group’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Equities research analysts forecast that Air Transport Services Group will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. River Road Asset Management LLC raised its position in shares of Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after acquiring an additional 201,722 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after purchasing an additional 380,958 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after purchasing an additional 239,919 shares during the period. State Street Corp lifted its position in shares of Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after buying an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC boosted its holdings in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after buying an additional 233,789 shares during the period. Institutional investors 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.