NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Air Transport Services Group, Inc. (NASDAQ: ATSG) and its board of directors concerning the proposed acquisition of the company by Stonepeak. Stockholders will receive $22.50 for each share of Air Transport Services Group stock that they hold. The transaction is valued at approximately $3.1 billion and is expected to close in the first half of 2025.If you are a stockholder of Air Transport Services ...

PITTSBURGH, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lynch Carpenter, LLP is investigating a class action against ATSG, Inc. regarding a recently announced data breach. The ATSG data breach may have involved personally identifiable information and protected health information belonging to approximately 909,000 individuals. ATSG is an IT services company headquartered in New York. Its clients include healthcare organizations and other businesses. On October 4, 2024, ATSG filed a report with the U.S. Department of H ...

Air Transport Services (ATSG) closed the last trading session at $16.29, gaining 6.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20.60 indicates a 26.5% upside potential.The average comprises five short-term price targets ranging from a low of $15 to a high of $27, with a standard deviation of $5.55. While the lowest estimate indicates a decline of 7.9% from the current price ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are unde ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:CommScope (COMM) : This company which is a premier provider of infrastructure solutions, including wireless and fiber optic solutions, for the core, access and edge layers of communication networks, has seen the Zacks Consensus Estimate for its current year earningsincreasing 66.1% over the last 60 days.Clipper Realty (CLPR) : This real estate investment trust which specializes in acquiring, owning, repositioning, operating and managing ...

Air Transport Service Group’s (ATSG) bottom line is bolstered by a decrease in operating expenses. Cost-cutting and fleet-upgrade efforts also bode well for the company. Owing to these tailwinds, ATSG shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s delve deeper.Factors Favoring ATSG StockRobust Price Performance: A look at the company’s price trend reveals that its shares have risen 10.3% over the past six months ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fun ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.On top of the Zacks Rank, inv ...

Shares of Air Transport Services (ATSG) have gained 0.9% over the past four weeks to close the last trading session at $16.28, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $20.60 indicates a potential upside of 26.5%.The mean estimate comprises five short-term price targets with a standard deviation of $5.55. While the lowest estimate of $15 indicates a 7.9% decline from the ...

Core Viewpoint - The air cargo market has experienced significant volatility, with a notable decline in demand leading to a decrease in stock prices for companies like Air Transport Services Group (ATSG) and its peers [2][3][8] Market Trends - Air cargo demand surged due to e-commerce growth but has since weakened, resulting in oversupply and reduced load factors [2][3] - Global air cargo traffic rebounded by over 14% in June 2024, but still remains down 4% compared to June 2021 [3] - Load factors have decreased, with global load factors at 45.8% and North American load factors under 40% as of June 2024 [3] Financial Performance - Air Transport's revenue declined by 8% in Q2 2024, with core revenue for ACMI flight services and CAM leasing operations also down by 7% [5] - EBITDA fell by 17% for the quarter, with margins decreasing to 26.7% [5] - The company reported a significant loss in the ACMI segment, with a $7 million loss compared to a $24 million profit a year ago [5] Capital Allocation Strategy - Air Transport has shifted to a more disciplined capital allocation approach, reducing capex from over $790 million in FY23 to below $400 million in 2024 [6] - The company aims to align capacity expansion with actual demand, avoiding the pitfalls of overbuilding seen in previous years [6] Future Outlook - Expectations for EBITDA margins in fiscal 2024 are around 25% to 26%, with potential for improvement as cargo traffic demand recovers [7] - Long-term revenue growth is projected at approximately 4%, driven by the continued expansion of e-commerce [7] - Future fleet expansion will significantly impact free cash flow, with capex expected to be in the low-to-mid-20% range of revenue [7] Investment Considerations - Despite past capital allocation mistakes and reliance on large customers, there is perceived value in Air Transport's fleet of high-quality freighters [8] - The company is seen as a potential opportunity for more aggressive investors, especially as air cargo metrics improve [8]