Why Air Methods Corporation (NASDAQ:AIRM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $48.380 on Air Methods Corporation (NASDAQ:AIRM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.290 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Air Methods Corporation (NASDAQ:AIRM) stands at 11.774.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Air Methods Corporation, the PEG ratio for coming 3-5 years is 0.580.

Technical Analysis

The technical analysis highlights that Air Methods Corporation current is trading $0.103 points away or +0.298% from its 50-day moving average of $34.442. Further it is trading $-1.545 or -4.282% away its 200-day moving average of $36.090.

The 52-week high of Air Methods Corporation (NASDAQ:AIRM) was $46.495 while lowest point recorded in 52-week was $30.570. It implies if stock price makes a movement of over $-11.950, it will record a new 52-week high. In the case of +13.003% drop, it will touch a new 52-week low.

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