Madison Air Solutions (NYSE:MAIR) Sets New 12-Month Low – What’s Next?

Madison Air Solutions Corporation (NYSE:MAIR)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $25.50 and last traded at $25.55, with a volume of 45799 shares changing hands. The stock had previously closed at $25.99.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAIR. Weiss Ratings raised Madison Air Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Wolfe Research initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “peer perform” rating for the company. Barclays started coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They set an “overweight” rating and a $45.00 price objective on the stock. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Finally, Zacks Research cut shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Madison Air Solutions Price Performance

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’s 50-day moving average is $33.70. The firm has a market capitalization of $14.00 billion and a PE ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last issued its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $991.30 million during the quarter. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, sell-side analysts expect that Madison Air Solutions Corporation will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Madison Asset Management LLC purchased a new stake in shares of Madison Air Solutions in the second quarter worth about $3,215,000. Readystate Asset Management LP acquired a new stake in shares of Madison Air Solutions in the second quarter valued at about $16,029,000. Bank of New York Mellon Corp purchased a new stake in shares of Madison Air Solutions during the 2nd quarter valued at about $1,659,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Madison Air Solutions during the 2nd quarter valued at about $67,411,000.

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.