What's Happening With These Air Delivery & Freight Services Stocks? -- Air Transport Services, ZTO Express, XPO Logistics, and Expeditors Intl. of Washington
NEW YORK, December 11, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on ATSG, ZTO, XPO, and EXPD which is a click away at http://www.wallstequities.com/registration. Featured today on WallStEquities.com are Air Transport Services Group Inc. (NASDAQ: ATSG), ZTO Express (Cayman) Inc. (NYSE: ZTO), XPO Logistics Inc. (NYSE: XPO), and Expeditors International of Washington Inc. (NASDAQ: EXPD). These companies belong to the Air Delivery and Freight Services space, which consists largely of private and publicly held cargo airlines. The industry is highly competitive, driven by geographic coverage, prices, and capacity. See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy of your free research reports at:
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Air Transport Services Group
Wilmington, Ohio headquartered Air Transport Services Group Inc.'s shares finished Friday's session 1.29% lower at $23.68. A total volume of 283,803 shares was traded. The stock has gained 2.11% over the previous three months and 48.37% on an YTD basis. The Company's shares are trading above their 200-day moving average by 8.43%. Moreover, shares of the Company, which through its subsidiaries, provides aircraft leasing, airline operations, and aircraft maintenance and other support services to the air cargo transportation and package delivery industries in the US and internationally, have a Relative Strength Index (RSI) of 46.82.
On November 29th, 2017, Air Transport Services Group (ATSG) announced the signing of a new, multi-year lease agreement with Air Incheon for one Boeing 767-300 converted freighter and an option for a second - both for 2018 delivery. ATSG also announced that its Cargo Aircraft Management subsidiary completed the delivery of three converted 767-300 freighters in November under multi-year dry-lease agreements, one each to Cargojet, Northern Aviation Services, and Amerijet. Looking for insightful coverage on ATSG sign up for free at:
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ZTO Express (Cayman)
Shares in Shanghai, China headquartered ZTO Express (Cayman) Inc. ended the day 4.62% lower at $15.28. A total volume of 14.29 million shares was traded, which was above their three months average volume of 2.81 million shares. The stock has advanced 6.93% in the previous three months and 26.59% since the start of this year. The Company's shares are trading 6.40% above their 200-day moving average. Moreover, shares ZTO Express, which through its subsidiaries, provides express delivery and other value-added logistics services in China, have an RSI of 36.90.
On November 20th, 2017, ZTO Express announced its unaudited financial results for Q3 ended September 30th, 2017. Revenues for Q3 2017 were RMB3,143.1 million (US$472.4 million), gross profit was RMB1,137.8 million (US$171.0 million), and net income was RMB717.2 million (US$107.8 million). Adjusted EBITDA for the quarter was RMB1,118.1 million (US$168.1 million), and net cash provided by operating activities was RMB1,024.4 million (US$154.0 million). Today's complimentary research report on ZTO is accessible at:
http://www.wallstequities.com/registration/?symbol=ZTO
XPO Logistics
Greenwich, Connecticut headquartered XPO Logistics Inc.'s stock rose 0.73%, closing the session at $77.27. A total volume of 1.80 million shares was traded, which was above their three months average volume of 1.44 million shares. The Company's shares have gained 5.06% in the last one month, 25.09% in the previous three months, and 79.03% on an YTD basis. The stock is trading 8.42% above its 50-day moving average and 29.46% above its 200-day moving average. Additionally, shares of XPO Logistics, which provides transportation and logistics services in the US, North America, France, the UK, Europe, Asia, and internationally, have an RSI of 61.52.
On November 20th, 2017, research firm Oppenheimer reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $77 a share to $75 a share.
On December 05th, 2017, XPO Logistics announced the appointment of Bertrand Dussert as senior vice president of global talent acquisition, effective immediately. Dussert is responsible for the Company's talent recruitment organization, infrastructure, and technology worldwide. Register now for your free research document on XPO at:
http://www.wallstequities.com/registration/?symbol=XPO
Expeditors International of Washington
On Friday, shares in Seattle, Washington headquartered Expeditors International of Washington Inc. finished the session 0.44% higher at $64.46. A total volume of 714,246 shares was traded. The stock has gained 6.56% in the last month, 12.79% over the previous three months, and 21.71% on an YTD basis. The stock is trading above their 50-day and 200-day moving averages by 7.04% and 12.80%, respectively. Moreover, shares of the Company, which provides logistics services, have an RSI of 67.34.
On November 13th, 2017, research firm Goldman initiated a 'Neutral' rating on the Company's stock, with a target price of $59 per share. Click on the link below and see our free report EXPD at:
http://www.wallstequities.com/registration/?symbol=EXPD
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