Zacks: Analysts Set $42.33 Target Price for Air Methods Corporation (AIRM)

Air Methods Corporation (NASDAQ:AIRM) has been given a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

Analysts have set a one year consensus target price of $42.33 for the company and are forecasting that the company will post $0.61 EPS for the current quarter, according to Zacks. Zacks has also given Air Methods Corporation an industry rank of 184 out of 265 based on the ratings given to related companies.

AIRM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Air Methods Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Stephens set a $42.00 price target on Air Methods Corporation and gave the stock a “buy” rating in a research note on Sunday, November 6th.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of Air Methods Corporation by 3,885.9% in the third quarter. Nordea Investment Management AB now owns 549,821 shares of the company’s stock worth $17,314,000 after buying an additional 536,027 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of Air Methods Corporation by 17.6% in the third quarter. Van Berkom & Associates Inc. now owns 1,588,950 shares of the company’s stock worth $50,036,000 after buying an additional 237,733 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Air Methods Corporation during the fourth quarter worth $6,950,000. Cobalt Capital Management Inc. purchased a new position in shares of Air Methods Corporation during the third quarter worth $6,031,000. Finally, Wells Fargo & Company MN raised its position in shares of Air Methods Corporation by 45.4% in the third quarter. Wells Fargo & Company MN now owns 528,993 shares of the company’s stock worth $16,658,000 after buying an additional 165,264 shares during the last quarter.

Shares of Air Methods Corporation (NASDAQ:AIRM) opened at 37.70 on Monday. The firm has a 50-day moving average price of $35.06 and a 200-day moving average price of $32.50. Air Methods Corporation has a 52-week low of $23.75 and a 52-week high of $41.50. The stock has a market capitalization of $1.37 billion, a P/E ratio of 14.13 and a beta of 1.46.

About Air Methods Corporation

Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s segments include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. The Company’s AMS segment provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements.

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