Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Average Recommendation of “Hold” by Analysts

Air Transport Services Group, Inc. (NASDAQ:ATSG) has received an average rating of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.60.

ATSG has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on Air Transport Services Group in a research note on Sunday. They issued a “hold” rating on the stock. Truist Financial increased their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th.

Air Transport Services Group Stock Up 0.1 %

Shares of NASDAQ:ATSG opened at $22.28 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of -556.86 and a beta of 0.84. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.33. The business has a fifty day simple moving average of $22.07 and a 200 day simple moving average of $18.93. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATSG. Barclays PLC increased its stake in Air Transport Services Group by 247.7% in the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock valued at $1,180,000 after acquiring an additional 51,955 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after purchasing an additional 29,104 shares in the last quarter. FMR LLC increased its position in shares of Air Transport Services Group by 74.9% during the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after purchasing an additional 91,521 shares during the last quarter. Systematic Financial Management LP purchased a new position in shares of Air Transport Services Group during the 3rd quarter valued at about $396,000. Finally, Phocas Financial Corp. lifted its position in Air Transport Services Group by 49.4% in the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock worth $3,611,000 after buying an additional 73,752 shares during the last quarter. 91.81% of the stock is owned by institutional investors.

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.