Air Methods Corp Price Target Increased to $65.00 by Analysts at KeyCorp (AIRM)
Equities research analysts at KeyCorp increased their price target on shares of Air Methods Corp (NASDAQ:AIRM) from $63.00 to $65.00 in a research note issued to investors on Wednesday. KeyCorp’s price objective would indicate a potential upside of 11.86% from the company’s current price.
A number of other analysts have also recently weighed in on AIRM. Analysts at Zacks upgraded shares of Air Methods Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $60.80 price target on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Air Methods Corp in a research note on Friday, August 8th. They now have a $65.00 price target on the stock, up previously from $60.00. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Air Methods Corp has a consensus rating of “Buy” and an average target price of $61.45.
Air Methods Corp (NASDAQ:AIRM) opened at 58.11 on Wednesday. Air Methods Corp has a 52-week low of $39.78 and a 52-week high of $60.74. The stock’s 50-day moving average is $53.94 and its 200-day moving average is $52.33. The company has a market cap of $2.275 billion and a price-to-earnings ratio of 26.11.
Air Methods Corp (NASDAQ:AIRM) last announced its earnings results on Thursday, August 7th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.07. The company had revenue of $258.50 million for the quarter, compared to the consensus estimate of $251.90 million. During the same quarter last year, the company posted $0.52 earnings per share. Air Methods Corp’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that Air Methods Corp will post $2.69 earnings per share for the current fiscal year.
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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