Madison Air Solutions Corporation (NYSE:MAIR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Madison Air Solutions Corporation (NYSE:MAIR) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

Several research analysts have weighed in on MAIR shares. Stifel Nicolaus lowered their target price on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company decreased their price objective on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Finally, Royal Bank Of Canada decreased their target price on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st.

Madison Air Solutions Stock Up 1.4%

Shares of Madison Air Solutions stock opened at $25.25 on Friday. The firm has a market cap of $12.67 billion and a price-to-earnings ratio of 0.00. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.84. Madison Air Solutions has a 52 week low of $24.34 and a 52 week high of $44.50. The company has a fifty day simple moving average of $30.54.

Madison Air Solutions (NYSE:MAIR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. As a group, equities analysts expect that Madison Air Solutions will post 1.09 earnings per share for the current year.

Insider Transactions at Madison Air Solutions

In other Madison Air Solutions news, Director Hudson La Force, III purchased 20,000 shares of Madison Air Solutions stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Madison Air Solutions

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new position in Madison Air Solutions during the 2nd quarter worth $94,000. Engineers Gate Manager LP acquired a new stake in shares of Madison Air Solutions in the 2nd quarter valued at $1,503,000. Bank of New York Mellon Corp acquired a new stake in Madison Air Solutions in the second quarter valued at $1,659,000. Squarepoint Ops LLC purchased a new position in shares of Madison Air Solutions in the 2nd quarter valued at about $3,118,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Madison Air Solutions during the 2nd quarter worth about $3,215,000.

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.