Madison Air Solutions (NYSE:MAIR) Stock Rating Lowered by Zacks Research

Madison Air Solutions (NYSE:MAIR) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on MAIR. Vertical Research initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $50.00 target price for the company. Royal Bank Of Canada reduced their price objective on shares of Madison Air Solutions from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Barclays began coverage on Madison Air Solutions in a research report on Monday, May 11th. They set an “overweight” rating and a $45.00 target price for the company. The Goldman Sachs Group began coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued a “neutral” rating and a $44.00 price objective on the stock. Finally, Robert W. Baird began coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set an “outperform” rating and a $48.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Madison Air Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $46.80.

Madison Air Solutions Price Performance

Shares of MAIR opened at $35.67 on Tuesday. The firm has a market capitalization of $17.88 billion and a price-to-earnings ratio of 0.00. The company’s fifty day simple moving average is $38.66. Madison Air Solutions has a one year low of $31.00 and a one year high of $44.50.

Madison Air Solutions (NYSE:MAIR) last released its quarterly earnings results on Tuesday, May 12th. The company reported $83,088.00 EPS for the quarter. The company had revenue of $923.70 million for 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.