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ATSG

Air Transport Services

$20.83

-0.65 (-3.03%)

09:08
10/02/18
10/02
09:08
10/02/18
09:08

Air Transport Services to acquire Omni Air International for $845M

Air Transport Services announced that it has agreed to acquire Omni Air International, a passenger ACMI and charter services provider with significant experience serving U.S. and allied foreign governments and commercial customers, for $845 million, subject to customary adjustments. The company did not assume any debt in connection with the acquisition. The combination with Omni Air is anticipated to add over $430 million in annualized revenues to ATSG. It also exceeds ATSG's investment hurdle and is expected to be immediately accretive to ATSG's adjusted earnings per share in 2019, with Adjusted EBITDA in line with ATSG's margin profile. After adjusting for the present value of tax benefits, which are estimated to be approximately $85 million, the implied acquisition multiple is 5.8x Omni Air's adjusted EBITDA for the trailing 12 months ending August 2018.

  • 06

    Nov

ATSG Air Transport Services
$20.83

-0.65 (-3.03%)

01/24/18
LSCM
01/24/18
NO CHANGE
Target $18
LSCM
Buy
StarTek price target raised to $18 after Amazon deal announcement at Lake Street
Lake Street analyst Mark Argento said the opportunity to sign a large, long-term agreement with Amazon (AMZN) is a "big win" for StarTek (SRT). He believes Amazon could contribute $100M in revenue and $10M-$12M in adjusted EBITDA for StarTek in 2019. Argento also noted that Amazon has executed deals like this in the past with other small public companies - such as Plug Power (PLUG), Air Transport Services (ATSG) and Kornit Digital (KRNT) - with favorable results to both fundamentals and equity values. He raised his price target on StarTek to $18 from $13 citing the value of the deal and keeps a Buy rating on the shares.
06/28/18
STFL
06/28/18
UPGRADE
Target $26
STFL
Buy
Air Transport Services upgraded to Buy from Hold at Stifel
Stifel analyst David Ross upgraded Air Transport Services to Buy and raised its price target to $26 from $23 saying shares are attractive at current levels given long-term growth prospects. Ross said not only is the company an "Amazon play" but has real growth potential over the next five years with the increased development of e-commerce/express air networks around the world.
06/28/18
06/28/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Air Transport Services (ATSG) upgraded to Buy from Hold at Stifel with analyst David Ross saying shares are attractive at current levels given long-term growth prospects. 2. T-Mobile (TMUS) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jennifer Fritzsche stating that recent conversations with some of his DC contacts have made him more optimistic that a deal to merge with Sprint (S) could be approved. 3. Talend (TLND) upgraded to Buy from Neutral at with analyst Tyler Radke saying a survey of Chief Data Officers shows "strong spending signals" while the company's competitive backdrop is favorable amid "increasing cloud tailwinds". 4. Regions Financial (RF) upgraded to Neutral from Underperform at Baird with analyst David George citing the recent pullback, which he thinks has made the valuation more reasonable. 5. Twilio (TWLO) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying the pullback in the stock price has created a more favorable entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/18
COWN
08/08/18
NO CHANGE
Target $28
COWN
Outperform
Air Transport Services weakness a buying opportunity, says Cowen
Cowen analyst Helane Becker said the weakness in Air Transport Services following its Q2 earnings report has lead to a buying opportunity. The analyst said the selloff is somewhat unwarranted and appears to be aggressive. She believes the 2019 demand environment appears strong as companies appear to be looking to add cargo aircraft and there are probably opportunities to ad aircraft for existing customers. Becker reiterated her Outperform rating, but lowered her price target to $28 from $30 on Air Transport Services shares.

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HOG

Harley-Davidson

$40.37

-1.29 (-3.10%)

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WMT

Walmart

$96.19

-0.37 (-0.38%)

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CTSH

Cognizant

$73.60

-0.4 (-0.54%)

07:13
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QSR

Restaurant Brands

$57.16

0.08 (0.14%)

07:12
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  • 24

    Oct

IBKC

Iberiabank

$75.27

-2.65 (-3.40%)

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  • 19

    Oct

VLRX

Valeritas

$1.22

-0.04 (-3.17%)

07:10
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  • 26

    Oct

PGTI

PGT Innovations

$21.93

-0.33 (-1.48%)

07:10
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  • 01

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MYGN

Myriad Genetics

$44.61

0.18 (0.41%)

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  • 19

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KBAL

Kimball International

$15.93

-0.27 (-1.67%)

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  • 06

    Nov

VFC

VF Corp.

$87.07

-2.22 (-2.49%)

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VF Corp. CEO says Q2 results 'were strong driven by our core brands' »

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  • 19

    Oct

PYPL

PayPal

$77.50

-2.61 (-3.26%)

, V

Visa

$139.32

-3.1 (-2.18%)

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PYPL

PayPal

$77.50

-2.61 (-3.26%)

V

Visa

$139.32

-3.1 (-2.18%)

MA

MasterCard

$203.81

-3.58 (-1.73%)

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  • 21

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PG

Procter & Gamble

$80.31

-0.8628 (-1.06%)

07:07
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Earnings
Procter & Gamble sees FY19 core EPS up 3%-8%, consensus $4.37 »

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  • 19

    Oct

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LIVX

LiveXLive Media

$2.95

-0.13 (-4.22%)

07:07
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  • 15

    Nov

RMTI

Rockwell Medical

$4.26

-0.09 (-2.07%)

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Rockwell Medical rating change  »

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BLRX

BioLineRx

$1.20

-0.24 (-16.67%)

, MRK

Merck

$72.22

0.42 (0.58%)

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BioLineRx

$1.20

-0.24 (-16.67%)

MRK

Merck

$72.22

0.42 (0.58%)

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  • 19

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REGN

Regeneron

$395.39

-3.29 (-0.83%)

, SNY

Sanofi

$44.45

-0.24 (-0.54%)

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REGN

Regeneron

$395.39

-3.29 (-0.83%)

SNY

Sanofi

$44.45

-0.24 (-0.54%)

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  • 19

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    May

BABA

Alibaba

$141.80

-6.39 (-4.31%)

07:06
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Periodicals
Alibaba looks to expand sales and reach of 'Singles Day,' CNBC says »

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  • 28

    Oct

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    Nov

IPG

Interpublic Group

$22.48

0.28 (1.26%)

07:06
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  • 19

    Oct

SLB

Schlumberger

$58.43

-0.81 (-1.37%)

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  • 19

    Oct

ABCB

Ameris Bancorp

$43.06

-0.87 (-1.98%)

07:06
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Earnings
Ameris Bancorp reports Q3 adjusted EPS 91c, consensus 90c »

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  • 19

    Oct

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  • 06

    Dec

STT

State Street

$79.62

-2.5 (-3.04%)

07:05
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Earnings
State Street reports Q3 EPS $1.87, consensus $1.89 »

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  • 19

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