Stock Rating Upgrade
The Value Trend Rating for Air Transport Services Group Inc (NASDAQ: ATSG) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Air Transport Services Group Inc (NASDAQ: ATSG) stock rose modestly by 0.7% on 5/31/24. The stock closed at $13.50. However, trading volume in this advance was normal at 83% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, ATSG is expected to be Value Creation neutral.
Air Transport Services Group has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Air Transport Services Group has a good Appreciation Score of 83 but a very low Power Rating of 3, with the Low Neutral Value Trend Rating the result.
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