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

Analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSGGet Free Report) in a note issued to investors on Friday. The firm set a “hold” rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Truist Financial upped their price objective on shares of 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 price target (up previously from $22.00) on shares of Air Transport Services Group in a research report 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.60.

Check Out Our Latest Report on Air Transport Services Group

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.27 on Friday. The company’s 50-day simple moving average is $22.00 and its two-hundred day simple moving average is $18.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.33. The company has a market capitalization of $1.46 billion, a P/E ratio of -556.61 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Trading of Air Transport Services Group

Hedge funds have recently modified their holdings of the company. River Road Asset Management LLC raised its stake 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 worth $116,085,000 after acquiring an additional 201,722 shares in the last quarter. State Street Corp grew its holdings in Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Air Transport Services Group by 104.3% during the second quarter. AQR Capital Management LLC now owns 305,549 shares of the transportation company’s stock worth $4,238,000 after purchasing an additional 155,984 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Air Transport Services Group by 11.1% during the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after purchasing an additional 29,104 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Air Transport Services Group by 300.8% in the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock worth $3,515,000 after purchasing an additional 190,202 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

About Air Transport Services Group

(Get Free Report)

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.

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Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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