Today: Today, Stephens Analysts Give Air Methods Corp. (AIRM) a $42.00 Price Target

Today, Stephens Analysts Give Air Methods Corp. (AIRM) a $42.00 Price Target

Air Methods Corp. (NASDAQ:AIRM) received a $42.00 price target from Stephens in a note issued to investors on Sunday. The brokerage currently has a “buy” rating on the stock. Stephens’ price target indicates a potential upside of 31.25% from the stock’s current price.

Other analysts have also issued research reports about the company. Zacks Investment Research downgraded Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 11th. Oppenheimer Holdings Inc. cut their price objective on Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 5th.

Air Methods Corp. (NASDAQ:AIRM) traded down 1.39% during mid-day trading on Friday, hitting $32.00. 272,814 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $29.70 and its 200-day moving average price is $33.20. The stock has a market cap of $1164.54 billion, a PE ratio of 12.85 and a beta of 1.32. Air Methods Corp. has a one year low of $23.75 and a one year high of $46.12.

Air Methods Corp. (NASDAQ:AIRM) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.08 by $0.26. Air Methods Corp. had a return on equity of 18.07% and a net margin of 8.78%. The business had revenue of $311 million for the quarter, compared to analyst estimates of $321.22 million. During the same period in the prior year, the company earned $1.16 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Air Methods Corp. will post $2.64 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Air Methods Corp. by 120.4% in the first quarter. BlackRock Inc. now owns 2,766 shares of the company’s stock valued at $100,000 after buying an additional 1,511 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Air Methods Corp. during the second quarter valued at about $100,000. Creative Planning increased its stake in shares of Air Methods Corp. by 0.5% in the second quarter. Creative Planning now owns 2,821 shares of the company’s stock valued at $101,000 after buying an additional 15 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Air Methods Corp. by 35.8% in the second quarter. Advisors Asset Management Inc. now owns 3,124 shares of the company’s stock valued at $112,000 after buying an additional 824 shares during the period. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Air Methods Corp. by 10.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,200 shares of the company’s stock valued at $115,000 after buying an additional 300 shares during the period.

Air Methods Corp. Company Profile

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