Air Transport Services Group (NASDAQ:ATSG) Research Coverage Started at StockNews.com

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

Several other equities analysts have also issued reports on the company. Loop Capital reissued a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial increased their target price 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.29 on Wednesday. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.38. 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 company has a market capitalization of $1.47 billion, a P/E ratio of -557.11 and a beta of 0.84. The stock’s fifty day moving average is $22.18 and its two-hundred day moving average is $19.72.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Equities analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Air Transport Services Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock valued at $78,500,000 after purchasing an additional 15,250 shares in the last quarter. American Century Companies Inc. raised its position in Air Transport Services Group by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after purchasing an additional 72,367 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group in the 4th quarter valued at about $31,377,000. FIL Ltd acquired a new stake in Air Transport Services Group in the 4th quarter valued at about $31,146,000. Finally, TIG Advisors LLC acquired a new stake in Air Transport Services Group in the 4th quarter valued at about $29,290,000. 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.