Madison Air Solutions Corporation (NYSE:MAIR) Stock Has Consensus Price Target of $44.00

Shares of Madison Air Solutions Corporation (NYSE:MAIR) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

A number of equities analysts recently commented on the company. Weiss Ratings downgraded Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Wells Fargo & Company dropped their target price 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. Royal Bank Of Canada reduced their price target on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Zacks Research cut shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus cut their price target on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, July 31st.

Insider Buying and Selling

In other Madison Air Solutions news, Director Hudson La Force, III bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $27.84 per share, with a total value of $556,800.00. Following the purchase, the director directly owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of Madison Air Solutions during the second quarter valued at $251,481,000. Alyeska Investment Group L.P. acquired a new stake in Madison Air Solutions in the second quarter worth about $67,411,000. BlueCrest Capital Management Ltd bought a new position in Madison Air Solutions in the 2nd quarter valued at about $23,790,000. State Street Corp bought a new position in Madison Air Solutions in the 2nd quarter valued at about $16,558,000. Finally, Readystate Asset Management LP acquired a new position in Madison Air Solutions during the 2nd quarter valued at about $16,029,000.

Madison Air Solutions Stock Performance

Shares of NYSE:MAIR opened at $24.25 on Thursday. The company’s 50-day moving average is $26.58. The stock has a market cap of $12.17 billion and a P/E 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 one year low of $22.91 and a one year high of $44.50.

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, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. Analysts predict that Madison Air Solutions will post 1.06 earnings per share for the current year.

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.