Madison Air Solutions (NYSE:MAIR) Stock Price Target Lowered at Royal Bank Of Canada

Madison Air Solutions (NYSE:MAIR) had its target price lowered by investment analysts at Royal Bank Of Canada from $38.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 48.05% from the stock’s previous close.

Several other research analysts have also recently weighed in on MAIR. Weiss Ratings cut shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 28th. Wells Fargo & Company cut their price objective on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Citigroup reduced their price objective on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating for the company in a report on Monday. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. Finally, Stifel Nicolaus decreased their target price on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Madison Air Solutions has an average rating of “Moderate Buy” and a consensus price target of $42.80.

Madison Air Solutions Stock Down 1.8%

Shares of MAIR traded down $0.44 during trading hours on Wednesday, hitting $23.64. The company had a trading volume of 139,460 shares, compared to its average volume of 2,557,830. The stock has a fifty day moving average price of $26.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The stock has a market capitalization of $11.86 billion and a price-to-earnings ratio of 0.00. Madison Air Solutions has a 12 month low of $22.80 and a 12 month high of $44.50.

Madison Air Solutions (NYSE:MAIR) last announced its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million for the quarter. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Madison Air Solutions will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling at Madison Air Solutions

In other news, Director Hudson La Force, III bought 20,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the acquisition, the director owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This represents 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.

Hedge Funds Weigh In On Madison Air Solutions

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