Oppenheimer Assigned a Hold Rating to Air Methods Corp

By Jason Carr

Oppenheimer analyst Michael Wiederhorn assigned a Hold rating to Air Methods Corp (NASDAQ: AIRM) yesterday. The company’s shares opened today at $43, close to its 52-week high of $43.95.

According to TipRanks.com, Wiederhorn is a top 25 analyst with an average return of 15.9% and a 70.8% success rate. Wiederhorn covers the Healthcare sector, focusing on stocks such as Addus Homecare Corp, Envision Healthcare, and Genesis Healthcare.

Air Methods Corp has an analyst consensus of Hold.

The company has a one year high of $43.95 and a one year low of $23.75. Currently, Air Methods Corp has an average volume of 651.9K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AIRM in relation to earlier this year. Last month, David Kikumoto, a Director at AIRM bought 1,500 shares for a total of $43,995.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Air Methods Corp. provides air medical transportation services throughout the United States and design, manufacture, and install medical aircraft interiors and other aerospace and medical transport products. It operates through three segments divisions: Air Medical Services Division, United Rotorcraft Division, and Tourism Division. The Air Medical Services Division segment provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements. Its services include aircraft operation and maintenance, medical care, dispatch and communications, and medical billing and collection. The United Rotorcraft Division segment designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products for domestic and international customers. The Tourism Division segment provides helicopter tours and charter flights, primarily focusing on Grand Canyon and Hawaiian Island tours. The company was founded by Roy Morgan in 1980 and is headquartered in Englewood, CO.