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

Shares of Madison Air Solutions Corporation (NYSE:MAIR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.00.

Several research firms recently weighed in on MAIR. Zacks Research lowered Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Stifel Nicolaus dropped their price objective on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Weiss Ratings cut shares of Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 31st. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Finally, Royal Bank Of Canada cut their price objective on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, July 31st.

Insider Buying and Selling at Madison Air Solutions

In other news, Director Hudson La Force, III acquired 20,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the purchase, the director directly owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This represents a 119.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Madison Air Solutions

A number of hedge funds have recently modified their holdings of MAIR. NewEdge Advisors LLC bought a new stake in shares of Madison Air Solutions in the 2nd quarter valued at about $94,000. Engineers Gate Manager LP bought a new stake in Madison Air Solutions in the second quarter valued at approximately $1,503,000. Bank of New York Mellon Corp acquired a new stake in Madison Air Solutions during the 2nd quarter valued at approximately $1,659,000. Squarepoint Ops LLC bought a new stake in shares of Madison Air Solutions in the 2nd quarter valued at $3,118,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Madison Air Solutions during the second quarter worth $3,215,000.

Madison Air Solutions Trading Up 0.9%

Shares of Madison Air Solutions stock opened at $23.93 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The company has a market cap of $12.01 billion and a P/E ratio of 0.00. The stock’s 50 day moving average price is $29.31. Madison Air Solutions has a 1-year low of $22.91 and a 1-year high of $44.50.

Madison Air Solutions (NYSE:MAIR) last released its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. During the same period in the previous year, the firm earned $0.24 EPS. Madison Air Solutions’s revenue was up 20.9% on a year-over-year basis. Research analysts forecast that Madison Air Solutions will post 1.09 earnings per share for the current year.

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.