Madison Air Solutions (NYSE:MAIR) Downgraded by Zacks Research to “Hold”

Madison Air Solutions (NYSE:MAIR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada cut their price objective on shares of Madison Air Solutions from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Vertical Research assumed coverage on Madison Air Solutions in a report on Monday, May 11th. They set a “buy” rating and a $50.00 target price for the company. Bank of America initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $47.00 target price on the stock. Robert W. Baird initiated coverage on Madison Air Solutions in a report on Monday, May 11th. They issued an “outperform” rating and a $48.00 price target on the stock. Finally, Citigroup initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued a “buy” rating and a $49.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.80.

Madison Air Solutions Trading Up 0.2%

Shares of Madison Air Solutions stock opened at $35.67 on Tuesday. The company has a market cap of $17.88 billion and a PE ratio of 0.00. The business’s 50-day simple moving average is $38.66. Madison Air Solutions has a 1 year low of $31.00 and a 1 year high of $44.50.

Madison Air Solutions (NYSE:MAIR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $83,088.00 EPS for the quarter. The business had revenue of $923.70 million during the quarter, compared to the consensus estimate of $847.55 million.

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.