Brokerages Set Madison Air Solutions Corporation (NYSE:MAIR) Price Target at $44.00

Shares of Madison Air Solutions Corporation (NYSE:MAIR) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.00.

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Bank of America assumed 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 objective on the stock. Royal Bank Of Canada cut their target price on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group started coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “neutral” rating and a $44.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd.

Madison Air Solutions Stock Performance

Shares of MAIR opened at $27.90 on Wednesday. The stock’s 50-day moving average is $33.70. The firm has a market cap of $14.00 billion and a P/E ratio of 0.00. Madison Air Solutions has a fifty-two week low of $24.75 and a fifty-two week high of $44.50. 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 issued its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million during the quarter. During the same period in the previous year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Analysts forecast that Madison Air Solutions will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Madison Air Solutions

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Madison Air Solutions during the 2nd quarter valued at about $1,659,000. Madison Asset Management LLC acquired a new stake in Madison Air Solutions in the 2nd quarter valued at $3,215,000. Readystate Asset Management LP acquired a new stake in Madison Air Solutions in the 2nd quarter valued at $16,029,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Madison Air Solutions in the 2nd quarter worth $67,411,000.

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.