ATSG Similar Chart Price Prediction
The price of ATSG is predicted to go up -4.94%, based on the high correlation periods with BNH. The similarity of these two price pattern on the periods is 98.52%.
ATSG
BNH
Down: -4.94%Similarity: 98.52%
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ATSG Analyst's Forecast
Michael Ciarmoli
Truist Securities
Hold
2024-11-05
Price Target
$15 → $23
Upside
+2.2%
Truist analyst Michael Ciarmoli raised the firm's price target on Air Transport Services to $22.50 from $15 and keeps a Hold rating on the shares after the company announced its entry into an acquisition agreement with Stonepeak for $22.50 per share. The deal's implied take-out multiple offered by Stonepeak represents a 20% discount to peers, but this is likely warranted given recent operating performance, pilot union contract unknowns, and increased exposure to older freighter platforms compared to newer passenger variant aircraft, the analyst tells investors in a research note.
