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

Madison Air Solutions Corporation (NYSE:MAIR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $43.40, but opened at $40.77. Madison Air Solutions shares last traded at $40.58, with a volume of 49,067 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAIR shares. Wells Fargo & Company started coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set an “overweight” rating and a $47.00 price target on the stock. Jefferies Financial Group started coverage on shares of Madison Air Solutions in a research note on Tuesday, May 12th. They set a “hold” rating and a $45.00 price target on the stock. Stifel Nicolaus started coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $47.00 price target on the stock. Vertical Research assumed 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 on the stock. Finally, Bank of America assumed coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $47.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Madison Air Solutions Stock Performance

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

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.