Madison Air Solutions (NYSE:MAIR) Sets New 52-Week Low – Here’s Why

Madison Air Solutions Corporation (NYSE:MAIR)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $27.29 and last traded at $27.59, with a volume of 3656688 shares traded. The stock had previously closed at $29.57.

Wall Street Analysts Forecast Growth

MAIR has been the topic of several research reports. Barclays started coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They set an “overweight” rating and a $45.00 price objective on the stock. William Blair initiated coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued an “outperform” rating for the company. Royal Bank Of Canada cut their target price on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. The Goldman Sachs Group assumed coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued a “neutral” rating and a $44.00 price target for the company. Finally, Bank of America assumed coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They set a “buy” rating and a $47.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Madison Air Solutions Trading Up 1.7%

The firm has a 50-day moving average of $34.73. The stock has a market capitalization of $14.00 billion and a PE ratio of 0.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82.

Madison Air Solutions (NYSE:MAIR) last released its earnings results 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 business 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 in the previous year, the company posted $0.24 earnings per share. Research analysts anticipate that Madison Air Solutions Corporation will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Madison Air Solutions

Several large investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. bought a new stake in shares of Madison Air Solutions during the 2nd quarter worth $67,411,000. Madison Asset Management LLC bought a new position in Madison Air Solutions during the second quarter valued at about $3,215,000. Finally, Bank of New York Mellon Corp purchased a new stake in Madison Air Solutions during the second quarter worth about $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.