In a report published Thursday, Imperial Capital analyst Bob McAdoo initiated coverage on Air Transport Services Group ATSG with an Outperform rating and $9.00 price target.
In the report, Imperial Capital noted, “We are initiating coverage of ATSG with an Outperform rating and a one-year price target of $9, some 41% above the recent closing price. ATSG shares are attractive, with our forecast FCF yield of over 16% and net debt only 2.2 times EBITDA. ATSG continues to generate profits and free cash flow despite having 6 of its 57 aircraft unassigned and generally available for growth. With 6 of its 57 aircraft idle, and its ROE at 13.7%, ATSG should be able to generate even greater returns should the economy strengthen and worldwide the demand for cargo services increase.”
Air Transport Services Group closed on Wednesday at $6.37.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in