Zacks Investment Research lowered shares of Air Methods Corporation (NASDAQ:AIRM) from a hold rating to a sell rating in a report released on Tuesday morning.

According to Zacks, “Air Methods Corporation provides air medical emergency transport services and systems throughout North America. The Air Medical Service Division offers their clients helicopters and airplanes equipped with medical interiors for flights from the scene of an accident or general hospital to a trauma center. The Products Division designs, manufactures, and installs aircraft medical interiors and other aerospace products. “

Separately, Stephens set a $42.00 price target on Air Methods Corporation and gave the company a buy rating in a research report on Sunday, November 6th.

Shares of Air Methods Corporation (NASDAQ:AIRM) opened at 34.10 on Tuesday. The stock has a 50 day moving average price of $32.59 and a 200-day moving average price of $32.67. Air Methods Corporation has a 12 month low of $23.75 and a 12 month high of $41.50. The stock has a market cap of $1.24 billion, a P/E ratio of 12.78 and a beta of 1.41.

Air Methods Corporation (NASDAQ:AIRM) last posted its earnings results on Thursday, November 3rd. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by $0.26. The business had revenue of $311 million for the quarter, compared to analyst estimates of $321.22 million. Air Methods Corporation had a return on equity of 18.07% and a net margin of 8.78%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. On average, analysts forecast that Air Methods Corporation will post $2.61 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Air Methods Corporation by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,805,537 shares of the company’s stock valued at $100,522,000 after buying an additional 8,205 shares in the last quarter. BlackRock Fund Advisors increased its stake in Air Methods Corporation by 6.1% in the third quarter. BlackRock Fund Advisors now owns 2,564,001 shares of the company’s stock worth $80,740,000 after buying an additional 148,366 shares during the period. Dimensional Fund Advisors LP increased its stake in Air Methods Corporation by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,794,621 shares of the company’s stock worth $64,301,000 after buying an additional 173,802 shares during the period. Van Berkom & Associates Inc. increased its stake in 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 period. Finally, State Street Corp increased its stake in Air Methods Corporation by 2.1% in the second quarter. State Street Corp now owns 900,376 shares of the company’s stock worth $32,257,000 after buying an additional 18,851 shares during the period.

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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