Madison Air Solutions (NYSE:MAIR) Hits New 52-Week Low – What’s Next?

Madison Air Solutions Corporation (NYSE:MAIR)’s share price hit a new 52-week low on Thursday. The stock traded as low as $21.96 and last traded at $22.52, with a volume of 412,713 shares. The stock had previously closed at $23.22.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price target on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Weiss Ratings downgraded Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 28th. Wall Street Zen raised Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Wells Fargo & Company lowered their price objective on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Finally, Zacks Research cut Madison Air Solutions from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.20.

Madison Air Solutions Stock Performance

The company’s 50 day moving average is $25.00. The stock has a market capitalization of $11.40 billion and a price-to-earnings ratio of 0.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82.

Madison Air Solutions (NYSE:MAIR) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million for the quarter. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts forecast that Madison Air Solutions Corporation will post 1.06 earnings per share for the current year.

Insider Activity

In other Madison Air Solutions 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 purchased at an average cost of $27.84 per share, with a total value of $556,800.00. Following the transaction, the director owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This trade represents a 119.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new stake in shares of Madison Air Solutions in the 2nd quarter valued at approximately $94,000. Inspire Investing LLC acquired a new position in shares of Madison Air Solutions in the 3rd quarter worth approximately $766,000. Engineers Gate Manager LP purchased a new position in shares of Madison Air Solutions during the 2nd quarter worth approximately $1,503,000. Bank of New York Mellon Corp purchased a new position in shares of Madison Air Solutions during the 2nd quarter worth approximately $1,659,000. Finally, Squarepoint Ops LLC acquired a new stake in Madison Air Solutions in the 2nd quarter valued at approximately $3,118,000.

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.