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NEW YORK (TheStreet) -- Air Transport Services (ATSG) - Get Report has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-.  TheStreet Ratings Team has this to say about their recommendation:

TheStreet Ratings team rates AIR TRANSPORT SERVICES GROUP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate AIR TRANSPORT SERVICES GROUP (ATSG) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Powered by its strong earnings growth of 114.92% and other important driving factors, this stock has surged by 32.83% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ATSG should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
• AIR TRANSPORT SERVICES GROUP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, AIR TRANSPORT SERVICES GROUP turned its bottom line around by earning $0.49 versus -$0.31 in the prior year. This year, the market expects an improvement in earnings ($0.61 versus $0.49).
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Air Freight & Logistics industry. The net income increased by 108.7% when compared to the same quarter one year prior, rising from -$42.84 million to $3.71 million.
• Despite its growing revenue, the company underperformed as compared with the industry average of 4.0%. Since the same quarter one year prior, revenues slightly increased by 0.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
• You can view the full analysis from the report here: ATSG Ratings Report