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

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have received an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.60.

A number of research firms have issued reports on ATSG. StockNews.com initiated coverage on shares of Air Transport Services Group in a research report on Sunday. They issued a “hold” rating on the stock. 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. Finally, Truist Financial upped their price target on 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.

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $22.28 on Thursday. The company has a 50-day simple moving average of $22.07 and a two-hundred day simple moving average of $18.93. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.33. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -556.86 and a beta of 0.84. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds and other institutional investors have recently modified their holdings of ATSG. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Air Transport Services Group during the 4th quarter valued at approximately $16,720,000. Meeder Asset Management Inc. lifted its stake in shares of Air Transport Services Group by 29.4% in the 4th quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 1,980 shares during the period. Norges Bank bought a new stake in shares of Air Transport Services Group during the fourth quarter valued at approximately $287,000. KLP Kapitalforvaltning AS purchased a new stake in Air Transport Services Group in the fourth quarter worth $99,000. Finally, American Century Companies Inc. grew its stake in Air Transport Services Group by 3.3% in the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock worth $50,201,000 after purchasing an additional 72,367 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

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.