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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) have been assigned a consensus rating of "Hold" from the five research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $20.60.

A number of brokerages have weighed in on ATSG. Truist Financial lifted 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 research report on Tuesday, November 5th. Loop Capital reissued a "hold" rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Finally, StockNews.com initiated coverage on Air Transport Services Group in a research report on Monday. They set a "hold" rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Independence Bank of Kentucky purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth $33,000. Sterling Capital Management LLC lifted its holdings in Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company's stock worth $36,000 after buying an additional 1,459 shares during the last quarter. AlphaQuest LLC lifted its holdings in Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock worth $58,000 after buying an additional 1,246 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock worth $79,000 after acquiring an additional 4,528 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Air Transport Services Group by 96.8% in the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock valued at $82,000 after acquiring an additional 1,834 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Trading Down 0.1 %

Shares of NASDAQ ATSG traded down $0.02 during mid-day trading on Thursday, reaching $22.24. 297,682 shares of the company's stock were exchanged, compared to its average volume of 899,971. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -555.86 and a beta of 0.84. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.33. The company's 50-day moving average is $22.08 and its 200-day moving average is $19.04. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.

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.