Madison Air Solutions (NYSE:MAIR) Shares Down 1.3% – Should You Sell?

Shares of Madison Air Solutions Corporation (NYSE:MAIR) fell 1.3% during trading on Monday . The stock traded as low as $36.98 and last traded at $37.09. 3,633,206 shares traded hands during trading, an increase of 54% from the average session volume of 2,362,518 shares. The stock had previously closed at $37.59.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAIR. Wolfe Research assumed coverage on Madison Air Solutions in a research note on Monday, May 11th. They set a “peer perform” rating for the company. Citigroup started coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $49.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Madison Air Solutions in a report on Tuesday, May 12th. They issued a “hold” rating and a $45.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set an “outperform” rating and a $48.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Madison Air Solutions Stock Down 2.2%

The stock has a 50 day moving average price of $39.27.

Madison Air Solutions (NYSE:MAIR) last released its earnings results on Tuesday, May 12th. The company reported $83,088.00 earnings per share for the quarter. The firm had revenue of $923.70 million during the quarter, compared to analyst estimates of $847.55 million.

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.