Air Methods Corp. (NASDAQ:AIRM) shares were down 10.5% during mid-day trading on Tuesday . The company traded as low as $33.78 and last traded at $34.23, with a volume of 1,373,951 shares. The stock had previously closed at $38.25.

A number of research analysts recently issued reports on AIRM shares. TheStreet upgraded shares of Air Methods Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Zacks Investment Research upgraded shares of Air Methods Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, April 26th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Air Methods Corp. in a research note on Wednesday, June 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.33.

The company has a market capitalization of $1.30 billion and a price-to-earnings ratio of 11.61. The firm has a 50 day moving average of $36.62 and a 200 day moving average of $37.03.

Air Methods Corp. (NASDAQ:AIRM) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. During the same quarter last year, the business earned $0.36 earnings per share. The firm had revenue of $269.40 million for the quarter, compared to the consensus estimate of $268.72 million. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts expect that Air Methods Corp. will post $3.52 earnings per share for the current fiscal year.

A number of large investors recently bought and sold shares of the stock. Employees Retirement System of Texas boosted its stake in Air Methods Corp. by 56.7% in the fourth quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock worth $1,971,000 after buying an additional 17,000 shares during the last quarter. Rhumbline Advisers boosted its stake in Air Methods Corp. by 8.1% in the fourth quarter. Rhumbline Advisers now owns 51,924 shares of the company’s stock worth $2,177,000 after buying an additional 3,900 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Air Methods Corp. by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 97,422 shares of the company’s stock worth $4,085,000 after buying an additional 2,913 shares during the last quarter. Russell Frank Co bought a new stake in Air Methods Corp. during the fourth quarter worth about $4,307,000. Finally, New York State Common Retirement Fund boosted its stake in Air Methods Corp. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 180,372 shares of the company’s stock worth $7,563,000 after buying an additional 7,583 shares during the last quarter.

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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