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

Air Transport Services Group, Inc. (NASDAQ:ATSG) has received an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.60.

ATSG has been the topic of a number of recent research reports. Loop Capital restated a “hold” rating and set 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 raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, StockNews.com initiated coverage on shares of Air Transport Services Group in a report on Monday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. River Road Asset Management LLC raised its holdings in Air Transport Services Group by 2.9% in 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 during the period. Dimensional Fund Advisors LP raised its holdings 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 worth $78,500,000 after acquiring an additional 15,250 shares during the period. American Century Companies Inc. raised its holdings 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 worth $50,201,000 after acquiring an additional 72,367 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Air Transport Services Group during the 4th quarter worth about $31,377,000. Finally, FIL Ltd bought a new position in shares of Air Transport Services Group during the 4th quarter worth about $31,146,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Down 0.0 %

Air Transport Services Group stock opened at $22.32 on Thursday. The company has a market capitalization of $1.47 billion, a P/E ratio of -557.86 and a beta of 0.84. The firm’s fifty day simple moving average is $22.10 and its 200-day simple moving average is $19.17. 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 1-year low of $11.62 and a 1-year high of $22.34.

About Air Transport Services Group

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.