Madison Air Solutions Corporation (NYSE:MAIR) Receives $44.00 Consensus Price Target from Brokerages

Madison Air Solutions Corporation (NYSE:MAIR) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $44.00.

A number of brokerages have recently issued reports on MAIR. Weiss Ratings downgraded shares of Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Zacks Research downgraded shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada dropped their target price on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Finally, Stifel Nicolaus decreased their target price on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, July 31st.

Insider Activity

In other news, Director Hudson La Force, III acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the acquisition, the director directly owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in shares of Madison Air Solutions in the second quarter worth approximately $94,000. Engineers Gate Manager LP purchased a new stake in Madison Air Solutions during the second quarter valued at approximately $1,503,000. Bank of New York Mellon Corp bought a new position in Madison Air Solutions in the second quarter worth approximately $1,659,000. Squarepoint Ops LLC purchased a new position in shares of Madison Air Solutions during the 2nd quarter worth $3,118,000. Finally, Madison Asset Management LLC purchased a new position in shares of Madison Air Solutions during the 2nd quarter worth $3,215,000.

Madison Air Solutions Price Performance

MAIR stock opened at $23.70 on Friday. Madison Air Solutions has a 1-year low of $22.91 and a 1-year high of $44.50. The business has a fifty day simple moving average of $29.57. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $11.89 billion and a PE ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Madison Air Solutions’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, analysts anticipate that Madison Air Solutions will post 1.09 earnings per share for the current year.

Madison Air Solutions Company Profile

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.