Madison Air Solutions (NYSE:MAIR) Stock Gets Price Target Boost from Stifel Nicolaus

Madison Air Solutions (NYSE:MAIR) had its target price lifted by research analysts at Stifel Nicolaus from $35.00 to $36.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s target price suggests a potential upside of 56.25% from the company’s current price.

A number of other equities research analysts have also commented on MAIR. Wells Fargo & Company decreased their price target on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. 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. Zacks Research lowered Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, Citigroup decreased their target price on Madison Air Solutions from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday. Two 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Madison Air Solutions currently has an average rating of “Moderate Buy” and an average target price of $41.30.

Madison Air Solutions Price Performance

NYSE:MAIR opened at $23.04 on Monday. The firm has a market cap of $11.56 billion and a PE ratio of 0.00. Madison Air Solutions has a 12 month low of $20.85 and a 12 month high of $44.50. 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 company’s 50-day moving average price is $24.25 and its two-hundred day moving average price is $31.78.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.08. The firm had revenue of $1.13 billion during the quarter. Madison Air Solutions’s revenue was up 25.4% on a year-over-year basis. On average, equities analysts anticipate that Madison Air Solutions will post 1.06 EPS for the current fiscal year.

Insider Activity at Madison Air Solutions

In related news, Director Hudson La Force, III purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired 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 in the company, valued at approximately $1,022,089.92. This trade represents a 119.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in Madison Air Solutions in the 2nd quarter valued at $251,481,000. Pictet Asset Management Holding SA raised its position in shares of Madison Air Solutions by 42.9% during the third quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock worth $155,908,000 after acquiring an additional 1,902,991 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Madison Air Solutions during the second quarter worth $67,411,000. Robeco Schweiz AG lifted its stake in shares of Madison Air Solutions by 151.6% during the third quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock valued at $37,833,000 after acquiring an additional 926,619 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Madison Air Solutions during the second quarter valued at $23,790,000.

Madison Air Solutions Company Profile