Wells Fargo & Company Cuts Madison Air Solutions (NYSE:MAIR) Price Target to $33.00

Madison Air Solutions (NYSE:MAIR) had its price target lowered by Wells Fargo & Company from $46.00 to $33.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Wolfe Research began coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued a “peer perform” rating for the company. Barclays initiated coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued an “overweight” rating and a $45.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a “neutral” rating and a $44.00 price objective on the stock. Robert W. Baird initiated coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They issued an “outperform” rating and a $48.00 target price on the stock. Finally, Zacks Research cut shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Madison Air Solutions Trading Up 0.0%

MAIR opened at $31.76 on Monday. The company has a market capitalization of $15.92 billion and a price-to-earnings ratio of 0.00. Madison Air Solutions has a 1-year low of $27.38 and a 1-year high of $44.50. The stock has a 50 day moving average price of $37.03.

Madison Air Solutions (NYSE:MAIR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million for the quarter. Madison Air Solutions’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS.

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.