Madison Air Solutions (NYSE:MAIR) Shares Gap Up – Still a Buy?

Madison Air Solutions Corporation (NYSE:MAIR) gapped up prior to trading on Monday . The stock had previously closed at $31.28, but opened at $32.80. Madison Air Solutions shares last traded at $29.50, with a volume of 768,355 shares.

Analyst Upgrades and Downgrades

MAIR has been the subject of several research analyst reports. Weiss Ratings assumed coverage on Madison Air Solutions in a report on Monday, August 3rd. They issued a “sell (d+)” rating for the company. Stifel Nicolaus decreased their target price on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a report on Friday, July 31st. Royal Bank Of Canada dropped their price target on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Robert W. Baird initiated coverage on shares of 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, Jefferies Financial Group started coverage on shares of Madison Air Solutions in a report on Tuesday, May 12th. They issued a “hold” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Madison Air Solutions Stock Down 5.1%

The stock has a fifty day moving average price of $35.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21. The company has a market cap of $14.89 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million for the quarter. During the same quarter last year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities research analysts forecast that Madison Air Solutions Corporation will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Madison Air Solutions

A hedge fund recently bought a new position in Madison Air Solutions stock. Bank of New York Mellon Corp acquired a new position in Madison Air Solutions Corporation (NYSE:MAIR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,529 shares of the company’s stock, valued at approximately $1,659,000.

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.