The stock of Air Methods Corp (NASDAQ:AIRM) hit a new 52-week low and has $23.17 target or 6.00% below today’s $24.65 share price. The 9 months bearish chart indicates high risk for the $913.96 million company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $23.17 price target is reached, the company will be worth $54.84 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 1.16 million shares traded hands or 135.25% up from the average. Air Methods Corp (NASDAQ:AIRM) has declined 28.91% since March 31, 2016 and is downtrending. It has underperformed by 31.43% 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 $47.47 million for 4.82 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. Air Methods has been the topic of 2 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Oppenheimer maintained it with “Outperform” rating and $50 target price in Friday, August 5 report.
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 is flat, 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.
Clinton Gru Inc last reported 0.03% of its portfolio in the stock. Smithfield Tru Com last reported 0% of its portfolio in the stock. Epoch Investment has 0.31% invested in the company for 2.34M shares. Moreover, Reinhart Prtnrs has 0.3% invested in Air Methods Corp (NASDAQ:AIRM) for 83,935 shares. Amp Capital Investors owns 7,400 shares or 0% of their US portfolio. Old Mutual Investors (Uk) reported 150,314 shares or 0.1% of all its holdings. Brown Brothers Harriman And Comm last reported 0% of its portfolio in the stock. Citadel Advsrs Limited Com has 0% invested in the company for 60,260 shares. The New York-based New York State Common Retirement Fund has invested 0.01% in Air Methods Corp (NASDAQ:AIRM). Stoneridge Investment Prns Ltd Llc has invested 0.47% of its portfolio in Air Methods Corp (NASDAQ:AIRM). Blackrock Inv Management Limited Liability has 0.01% invested in the company for 149,244 shares. Millennium Management Limited Liability last reported 57,138 shares in the company. The Michigan-based Plante Moran Advisors Limited Company has invested 0.01% in Air Methods Corp (NASDAQ:AIRM). Cam Grp A S has invested 0.03% of its portfolio in Air Methods Corp (NASDAQ:AIRM). Bridgeway last reported 7,100 shares in the company.
Insider Transactions: Since August 10, 2016, the stock had 1 insider buy, and 1 insider sale for $38,141 net activity. Shares for $80,300 were bought by WHITTERS JOSEPH E. $42,159 worth of Air Methods Corp (NASDAQ:AIRM) shares were sold by KECK SHARON J.
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 Forbes.com with their article: “FAA Proposes $892.5K Fine Against Air Methods For Dozens Of Air Ambulance Flights” published on September 14, 2016, Fool.com published: “Air Methods Corp Stock Down 11% Today: Here’s Why” on July 26, 2016. More interesting news about Air Methods Corp (NASDAQ:AIRM) were released by: Fool.com and their article: “Tri-State Acquisition Dampens Air Methods Corp.’s Q2 Results” published on August 04, 2016 as well as Fool.com‘s news article titled: “Stormy Weather Dampens Air Methods Corp.’s Q4 Results” with publication date: February 26, 2016.
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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