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

Research analysts at StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Monday. The firm set a “hold” rating on the transportation company’s stock.

A number of other equities research analysts 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 report on Tuesday, November 5th. Truist Financial lifted 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Up 0.2 %

NASDAQ ATSG opened at $21.95 on Monday. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.33. The firm has a 50-day moving average price of $20.50 and a 200 day moving average price of $16.85. The stock has a market capitalization of $1.44 billion, a P/E ratio of -548.61 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.

Air Transport Services Group (NASDAQ:ATSG) last issued 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). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same period last year, the company posted $0.32 earnings per share. The business’s quarterly revenue was down 10.0% on a year-over-year basis. Equities research analysts expect that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Trading of Air Transport Services Group

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Air Transport Services Group by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 274,112 shares of the transportation company’s stock worth $3,802,000 after acquiring an additional 14,957 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of Air Transport Services Group by 39.9% during the second quarter. Legato Capital Management LLC now owns 45,799 shares of the transportation company’s stock worth $635,000 after purchasing an additional 13,066 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Air Transport Services Group in the second quarter valued at $73,000. American Century Companies Inc. boosted its stake in Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Air Transport Services Group in the 2nd quarter valued at about $45,000. 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.