Air Transport Services Group, Inc. (NASDAQ:ATSG) Receives $20.60 Average Target Price from Analysts

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

A number of equities research analysts recently weighed in on the company. Loop Capital restated 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 note on Tuesday, November 5th. Truist Financial increased their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, StockNews.com assumed coverage on Air Transport Services Group in a research report on Sunday, February 9th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Air Transport Services Group

Several institutional investors have recently bought and sold shares of ATSG. Independence Bank of Kentucky purchased a new stake in shares of Air Transport Services Group during the 4th quarter valued at $33,000. Sterling Capital Management LLC grew its position in shares of 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 valued at $36,000 after acquiring an additional 1,459 shares during the period. AlphaQuest LLC grew its position in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,246 shares during the period. Blue Trust Inc. grew 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 valued at $79,000 after acquiring an additional 4,528 shares during the period. Finally, Covestor Ltd grew its position in shares of Air Transport Services Group by 96.8% during 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 period. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Down 0.1 %

ATSG stock opened at $22.24 on Thursday. The firm has a market cap of $1.46 billion, a PE ratio of -555.86 and a beta of 0.84. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm’s fifty day moving average is $22.08 and its 200 day moving average is $19.02.

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.