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

Shares of Madison Air Solutions Corporation (NYSE:MAIR) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $43.10.

MAIR has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a report on Friday, July 31st. Wells Fargo & Company decreased their price objective on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Citigroup lowered their price objective on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings cut Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 28th.

Madison Air Solutions Stock Performance

NYSE:MAIR opened at $23.37 on Thursday. The stock’s 50-day moving average is $26.46. The company has a market cap of $11.73 billion and a P/E 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 has a 52-week low of $22.91 and a 52-week high of $44.50.

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

Insider Transactions 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 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 acquisition, the director directly owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This represents a 119.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Trading of Madison Air Solutions

Several institutional investors have recently made changes to their positions in the business. 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 during the second quarter valued at approximately $1,503,000. Bank of New York Mellon Corp bought a new stake in shares of Madison Air Solutions in the 2nd quarter valued at approximately $1,659,000. Squarepoint Ops LLC bought a new stake in shares of Madison Air Solutions in the 2nd quarter valued at approximately $3,118,000. Finally, Madison Asset Management LLC bought a new stake in shares of Madison Air Solutions in the 2nd quarter valued at approximately $3,215,000.

About Madison Air Solutions

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.