Dahlman Rose Raises 2011 EPS on Air Transport Services Group (ATSG)

Dahlman Rose raised its 2011 earnings per share estimates on Air Transport Services Group (NASDAQ: ATSG). In a research report published today, Dahlman Rose put its price target on ATSG at $12.

In the report, Dahlman states, "We are estimating 2011 EPS of $0.72, growing to $0.95 in 2012. We raised our 2011 EPS estimate from $0.70 to exclude the one-time non-recurring cost of terminating the credit facility. The shares are selling at 8.0x estimated 2012 EPS. We are using a price target of $12 per share, or 12.6x estimated 2012 EPS."

Dahlman currently has a Buy on ATSG. In yesterday's trading, ATSG added 2.34% to its value to close the day at $7.87.