Feltl & Co. Downgrades Air Methods Corp. to Buy (AIRM)
Air Methods Corp. (NASDAQ:AIRM) was downgraded by equities researchers at Feltl & Co. from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday, Analyst Ratings News reports.
Air Methods Corp. (NASDAQ:AIRM) opened at 53.53 on Tuesday. Air Methods Corp. has a 52-week low of $32.24 and a 52-week high of $59.07. The stock’s 50-day moving average is $56.08 and its 200-day moving average is $44.74. The company has a market cap of $2.090 billion and a P/E ratio of 30.55.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.07. The company had revenue of $252.40 million for the quarter, compared to the consensus estimate of $243.38 million. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Air Methods Corp. will post $1.87 EPS for the current fiscal year.
AIRM has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Air Methods Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, December 30th. They now have a $61.20 price target on the stock. Finally, analysts at WallachBeth Capital downgraded shares of Air Methods Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 13th. They now have a $55.00 price target on the stock, up previously from $44.00. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $55.40.
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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