The stock of Air Methods Corp (NASDAQ:AIRM) hit a new 52-week low and has $28.65 target or 6.00% below today’s $30.48 share price. The 7 months bearish chart indicates high risk for the $1.17B company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $28.65 price target is reached, the company will be worth $70.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 186,313 shares traded hands. Air Methods Corp (NASDAQ:AIRM) has declined 20.92% since March 3, 2016 and is downtrending. It has underperformed by 29.26% the S&P500.
Analysts await Air Methods Corp (NASDAQ:AIRM) to report earnings on November, 3. They expect $1.28 earnings per share, up 8.47% or $0.10 from last year’s $1.18 per share. AIRM’s profit will be $49.13 million for 5.95 P/E if the $1.28 EPS becomes a reality. After $0.70 actual earnings per share reported by Air Methods Corp for the previous quarter, Wall Street now forecasts 82.86% EPS growth.
Air Methods Corp (NASDAQ:AIRM) Ratings Coverage
Out of 2 analysts covering Air Methods (NASDAQ:AIRM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $51 is the highest target while $50 is the lowest. The $50.50 average target is 65.68% above today’s ($30.48) stock price. Air Methods has been the topic of 2 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The stock of Air Methods Corp (NASDAQ:AIRM) earned “Outperform” rating by Oppenheimer on Friday, August 5.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment is 1.02 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 25 funds sold all Air Methods Corp shares owned while 67 reduced positions. only 32 funds bought stakes while 62 increased positions. They now own 42.93 million shares or 1.69% less from 43.66 million shares in 2016Q1.
Wealthtrust holds 0% or 120 shares in its portfolio. Sentinel Asset Mgmt reported 339,876 shares or 0.29% of all its holdings. Rice Hall James And Associate Ltd Liability Com, a California-based fund reported 247,599 shares. California Employees Retirement last reported 230,700 shares in the company. Sei Investments Co has 2,241 shares for 0% of their US portfolio. Jefferies Group Ltd Liability Co owns 681 shares or 0% of their US portfolio. Moreover, Nationwide Fund Advisors has 0.02% invested in Air Methods Corp (NASDAQ:AIRM) for 117,708 shares. Lombardia Limited Liability Company owns 166,985 shares or 0.39% of their US portfolio. Stevens Cap Management Lp reported 14,062 shares or 0.02% of all its holdings. Dimensional Fund Advsrs L P has 1.79M shares for 0.04% of their US portfolio. Geode Capital Mgmt Ltd holds 0.01% or 257,991 shares in its portfolio. Profund Lc last reported 7,683 shares in the company. Voya Management Limited Liability holds 0.07% of its portfolio in Air Methods Corp (NASDAQ:AIRM) for 771,413 shares. C M Bidwell And Limited last reported 0.04% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 813 shares or 0% of the stock.
Insider Transactions: Since August 10, 2016, the stock had 1 insider purchase, and 1 insider sale for $38,141 net activity. Another trade for 1,300 shares valued at $42,159 was sold by KECK SHARON J. Another trade for 2,500 shares valued at $80,300 was made by WHITTERS JOSEPH E on Thursday, August 11.
More notable recent Air Methods Corp (NASDAQ:AIRM) news were published by: Fool.com which released: “Why Air Methods Corp. Shares Sank 12% Today” on September 08, 2016, also Fool.com with their article: “Tri-State Acquisition Dampens Air Methods Corp.’s Q2 Results” published on August 04, 2016, Forbes.com published: “FAA Proposes $892.5K Fine Against Air Methods For Dozens Of Air Ambulance Flights” on September 14, 2016. More interesting news about Air Methods Corp (NASDAQ:AIRM) were released by: Fool.com and their article: “Air Methods Corp Stock Down 11% Today: Here’s Why” published on July 26, 2016 as well as Businesswire.com‘s news article titled: “Voce Capital Sends Letter to Board of Air Methods Corporation” with publication date: September 16, 2015.
AIRM Company Profile
Air Methods Corporation, incorporated on April 10, 1987, is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s divisions include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. The Company’s Air Medical Services Division provides air medical transportation services in approximately 40 states to the general population as an independent service (also called community services) and to hospitals or other institutions under exclusive operating agreements (also called hospital services). It transports persons requiring intensive medical care from either the scene of an accident or general care hospitals to skilled trauma centers or tertiary care centers.
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