EMS May Win Tacoma Contract, Santa Clara Still Up For Grabs

Emergency Medical Services Corporation

could prove victorious over a potential contract win in Tacoma, WA, while the Santa Clara contract remains up for grabs. EMS's strong balance sheet well positions AMR Corporation

and at 6.4x EBITDA, EMS remains a Buy rating, according to Jefferies & Company. Jefferies estimates that the Tacoma contract could yield ~$5M annually and add $0.01 EPS for FY2011 once finalized, which would add to EMS's already strong (+$313M) balance sheet. Jefferies maintains its Buy rating and $63 price target. Emergency Medical Services closed yesterday at $48.05.