Madison Air Solutions (NYSE:MAIR) Sets New 1-Year Low – Should You Sell?

Shares of Madison Air Solutions Corporation (NYSE:MAIR) reached a new 52-week low on Monday . The stock traded as low as $25.50 and last traded at $25.55, with a volume of 45799 shares traded. The stock had previously closed at $25.99.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Robert W. Baird initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating and a $48.00 target price on the stock. Jefferies Financial Group started coverage on Madison Air Solutions in a research report on Tuesday, May 12th. They set a “hold” rating and a $45.00 price target for the company. Vertical Research started coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $50.00 price target for the company. Wolfe Research started coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They issued a “peer perform” rating on the stock. Finally, William Blair assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

Madison Air Solutions Trading Down 3.5%

The firm has a market cap of $12.59 billion and a P/E ratio of 0.00. The firm has a 50 day moving average price of $34.19. 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 released its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $991.30 million during the quarter. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year. On average, research analysts expect that Madison Air Solutions Corporation will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Readystate Asset Management LP acquired a new stake in shares of Madison Air Solutions in the 2nd quarter valued at approximately $16,029,000. Alyeska Investment Group L.P. bought a new position in shares of Madison Air Solutions in the second quarter valued at $67,411,000. Madison Asset Management LLC acquired a new position in Madison Air Solutions during the second quarter worth $3,215,000. Finally, Bank of New York Mellon Corp acquired a new position in Madison Air Solutions during the second quarter worth $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.