Madison Air Solutions (NYSE:MAIR) Hits New 12-Month Low – Time to Sell?

Madison Air Solutions Corporation (NYSE:MAIR)’s share price reached a new 52-week low on Wednesday . The company traded as low as $30.95 and last traded at $31.54, with a volume of 1270596 shares. The stock had previously closed at $32.22.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup assumed coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “buy” rating and a $49.00 price objective for the company. Zacks Research lowered shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. William Blair assumed coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued an “outperform” rating for the company. Finally, Barclays assumed coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “overweight” rating and a $45.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.80.

Madison Air Solutions Stock Down 7.8%

The company has a market cap of $14.63 billion and a P/E ratio of 0.00. The stock’s 50-day moving average is $37.90.

Madison Air Solutions (NYSE:MAIR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million for the quarter. Madison Air Solutions’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share.

About Madison Air Solutions

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.