Madison Air Solutions (NYSE:MAIR) Sets New 12-Month Low – What’s Next?

Madison Air Solutions Corporation (NYSE:MAIR) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $22.80 and last traded at $23.32, with a volume of 29,240 shares changing hands. The stock had previously closed at $23.29.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MAIR shares. Citigroup dropped their target price on shares of Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Research downgraded shares of Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Weiss Ratings lowered shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. Finally, Wells Fargo & Company cut their price objective on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

Madison Air Solutions Stock Down 3.5%

The business’s 50 day simple 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 (NYSE:MAIR) last announced its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. During the same quarter in the previous year, the business posted $0.24 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. Equities analysts predict that Madison Air Solutions Corporation will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Madison Air Solutions

In other Madison Air Solutions news, Director Hudson La Force, III purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $27.84 per share, for a total transaction 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. The trade was a 119.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of Madison Air Solutions

A number of hedge funds have recently bought and sold shares of MAIR. Citadel Advisors LLC purchased a new stake in shares of Madison Air Solutions in the second quarter valued at approximately $251,481,000. Alyeska Investment Group L.P. acquired a new stake in shares of Madison Air Solutions in the second quarter valued at approximately $67,411,000. BlueCrest Capital Management Ltd purchased a new position in Madison Air Solutions during the second quarter worth approximately $23,790,000. State Street Corp purchased a new position in Madison Air Solutions during the second quarter worth approximately $16,558,000. Finally, Readystate Asset Management LP purchased a new position in Madison Air Solutions during the second quarter worth approximately $16,029,000.

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.