Madison Air Solutions Corporation (NYSE:MAIR) Stock Rated “Moderate Buy” by Wall Street Brokerages

Madison Air Solutions Corporation (NYSE:MAIR) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.80.

MAIR has been the topic of several research reports. Royal Bank Of Canada lowered their price objective on shares of Madison Air Solutions from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Citigroup lowered their price target on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. Stifel Nicolaus dropped 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 report on Friday, July 31st. Finally, Zacks Research lowered Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th.

Madison Air Solutions Stock Performance

NYSE MAIR opened at $23.23 on Thursday. The stock’s 50-day moving average is $26.14. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21. Madison Air Solutions has a 52-week low of $22.80 and a 52-week high of $44.50.

Madison Air Solutions (NYSE:MAIR) last issued 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 business had revenue of $991.30 million for the quarter. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. As a group, analysts anticipate that Madison Air Solutions will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In other Madison Air Solutions news, Director Hudson La Force, III acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $27.84 per share, with a total value of $556,800.00. Following the transaction, the director owned 36,713 shares of the company’s stock, valued at $1,022,089.92. The trade was a 119.67% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Madison Air Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of MAIR. NewEdge Advisors LLC purchased a new stake in Madison Air Solutions during the 2nd quarter valued at $94,000. Engineers Gate Manager LP purchased a new position in Madison Air Solutions in the second quarter worth about $1,503,000. Bank of New York Mellon Corp bought a new stake in Madison Air Solutions during the second quarter valued at approximately $1,659,000. Squarepoint Ops LLC bought a new position in Madison Air Solutions in the second quarter worth approximately $3,118,000. Finally, Madison Asset Management LLC bought a new position in Madison Air Solutions in the second quarter worth approximately $3,215,000.

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.