FY2017 EPS Estimates for Air Methods Corp Lowered by Analyst (AIRM)

FY2017 EPS Estimates for Air Methods Corp Lowered by Analyst (AIRM)

Air Methods Corp (NASDAQ:AIRM) – Equities researchers at Feltl & Co. decreased their FY2017 EPS estimates for Air Methods Corp in a report released on Tuesday. Feltl & Co. analyst B. Haynor now anticipates that the firm will post earnings of $2.89 per share for the year, down from their prior estimate of $3.39. Feltl & Co. currently has a “Hold” rating and a $43.00 target price on the stock.

A number of other brokerages also recently commented on AIRM. TheStreet raised shares of Air Methods Corp from a “c+” rating to a “b” rating in a research report on Thursday, March 2nd. Stephens downgraded shares of Air Methods Corp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Air Methods Corp from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp downgraded shares of Air Methods Corp to an “overweight” rating in a research report on Tuesday, March 14th. Finally, William Blair downgraded shares of Air Methods Corp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.50.

Air Methods Corp (NASDAQ:AIRM) opened at 43.00 on Friday. The stock’s 50 day moving average is $39.42 and its 200-day moving average is $33.78. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 16.73 and a beta of 1.46. Air Methods Corp has a 12 month low of $23.75 and a 12 month high of $43.95.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado increased its position in shares of Air Methods Corp by 24.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 341,998 shares of the company’s stock worth $10,770,000 after buying an additional 67,100 shares during the period. Nordea Investment Management AB increased its stake in shares of Air Methods Corp by 3,885.9% in the third quarter. Nordea Investment Management AB now owns 549,821 shares of the company’s stock valued at $17,314,000 after buying an additional 536,027 shares during the last quarter. Trellus Management Company LLC bought a new stake in shares of Air Methods Corp during the third quarter valued at approximately $394,000. Suffolk Capital Management LLC bought a new stake in shares of Air Methods Corp during the third quarter valued at approximately $1,537,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Air Methods Corp by 3.6% in the third quarter. Advisors Asset Management Inc. now owns 3,238 shares of the company’s stock valued at $102,000 after buying an additional 114 shares during the last quarter.

About Air Methods Corp

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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