Research analysts at Oppenheimer reduced their target price on shares of Air Methods Corp. (NASDAQ:AIRM) from $53.00 to $50.00 in a report released on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 20.11% from the stock’s previous close.
Air Methods Corp. (NASDAQ:AIRM) traded down 0.91% on Friday, hitting $41.25. Air Methods Corp. has a 52-week low of $32.24 and a 52-week high of $50.61. The stock’s 50-day moving average is currently $34.91. The company has a market cap of $1.604 billion and a price-to-earnings ratio of 26.00.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.11. The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $227.71 million. During the same quarter in the previous year, the company posted $2.43 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Air Methods Corp. will post $1.89 EPS for the current fiscal year.
AIRM has been the subject of a number of other recent research reports. Analysts at Feltl & Co. raised their price target on shares of Air Methods Corp. from $40.00 to $48.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Air Methods Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, July 26th. They now have a $32.70 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Air Methods Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 22nd.
One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.74.
Air Methods Corporation (NASDAQ:AIRM) is a provider of air medical emergency transport services and systems throughout the United States of America.
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