Truist Financial analyst Michael Ciarmoli maintains $Air Transport Services (ATSG.US)$ with a hold rating, and adjusts the target price from $14 to $22.5.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Air Transport Services (ATSG.US)$'s main analysts recently are as follows:
The recent announcement of Air Transport Services entering into an acquisition agreement has been met with some speculation regarding the possibility of competing bidders emerging, in light of the modest premium over book value.
Following the announcement of Air Transport Services' agreement to be acquired in an all-cash transaction, the potential for another buyer to emerge during the go-shop period is considered slight, despite the company's increasing EBITDA and the possible advantages of transitioning to a private entity.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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