Oppenheimer Maintains Air Methods Corp to Outperform with Price Target $50.00

Brokerage firm Oppenheimer Maintains its rating on Air Methods Corp(NASDAQ:AIRM). In a research note issued to the investors, the brokerage major Lowers the price-target to $50.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 5, 2016.

Air Methods Corp (AIRM) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.15% at a volume of 4,32,047. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.19. The peak price level was also seen at $33.19 while the days lowest was $32.18. Finally the shares closed at $33.02. The 52-week high of the shares is $46.495 while the 52-week low is $30.57. According to the latest information available, the market cap of the company is $1,258 M.

Air Methods Corp(AIRM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $292.57M. Analysts had an estimated revenue of $299.35M. Earnings per share were $0.70. Analysts had estimated an EPS of $0.77.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Sharon J Keck (Chief Acctg Officer) sold 5,500 shares at $39.81 per share price.Also, On Dec 15, 2015, George W Belsey (director) sold 13,733 shares at $41.97 per share price.On Dec 7, 2015, Morad Tahbaz (director) sold 35,340 shares at $44.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company operates through divisions including Air Medical Services Tourism Division and United Rotorcraft Division. As of December 31 2014 the Company’s Air Medical Services Division provided air medical transportation services in 41 states to the general population as an independent service (also called community-based services) and to hospitals or other institutions (also called hospital-based 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. Its Tourism Division provides helicopter tours and charter flights primarily focusing on Grand Canyon and Hawaiian Island tours. Its United Rotorcraft Division designs manufactures and installs aircraft medical interiors and other aerospace or medical transport products.

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