Air Methods Corp. Receives a Buy from Oppenheimer

By Ryan Adsit

In a report released today, Michael Wiederhorn from Oppenheimer reiterated a Buy rating on Air Methods Corp. (NASDAQ: AIRM), with a price target of $43. The company’s shares opened today at $32.45.

Wiederhorn wrote:

“We attended meetings with AIRM’s management team, and under impressive new CFO Peter Csapo, we believe the company will continue to focus on reducing DSOs, improving cash flow and optimizing their cost structure. Furthermore, the company has seen pressure on transports, which should rebound going forward.”

According to, Wiederhorn is a top 25 analyst with an average return of 14.7% and a 64.5% success rate. Wiederhorn covers the Healthcare sector, focusing on stocks such as Addus Homecare Corp., Envision Healthcare, and Genesis Healthcare.

Currently, the analyst consensus on Air Methods Corp. is Moderate Buy and the average price target is $43, representing a 32.5% upside.

In a report issued on November 4, Stephens also reiterated a Buy rating on the stock with a $42 price target.

The company has a one year high of $46.12 and a one year low of $23.75. Currently, Air Methods Corp. has an average volume of 584.3K.

Based on the recent corporate insider activity of 26 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.

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.