In a report released today, Rick Paterson from Loop Capital Markets maintained a Buy rating on Air Transport Services (ATSG – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $20.86.
Paterson covers the Industrials sector, focusing on stocks such as Air Transport Services, United Parcel, and GXO Logistics. According to TipRanks, Paterson has an average return of 7.6% and a 66.67% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Transport Services with a $26.50 average price target, which is a 27.04% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $27.00 price target.
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ATSG market cap is currently $1.48B and has a P/E ratio of 11.49.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATSG in relation to earlier this year.
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Air Transport Services (ATSG) Company Description:
Air Transport Services Group, Inc. engages in the provision of airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through the following segments: CAM, ACMI Services, and MRO Services. The CAM segment consists of the company’s aircraft leasing operations. The ACMI Services segment consists of the company’s airline operations, including CMI agreements as well as ACMI, charter service and passenger service agreements that the company has with its customers. The MRO Services segment provides airframe maintenance services, aircraft modifications and other maintenance services. The company’s other business operations includes load transfer and sorting service, maintenance services for ground equipment, facilities and material handling equipment, the sales of aviation fuel and other services. Air Transport Services Group was founded on April 16, 1980 and is headquartered in Wilmington, OH.
Read More on ATSG:
- Oppenheimer starts ‘misunderstood’ Air Transport Services at Outperform
- Air Transport Services initiated with an Outperform at Oppenheimer
- Global Crossing enters agreement to lease A321 Freighter from ATSG
- Air Transport Services price target raised to $27 from $25 at Loop Capital
- Air Transport Services rumor highlighted by Betaville blog
