Madison Air Solutions (NYSE:MAIR) Price Target Raised to $36.00

Madison Air Solutions (NYSE:MAIR) had its target price lifted by Stifel Nicolaus from $35.00 to $36.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 28th. Royal Bank Of Canada lowered their price target on Madison Air Solutions from $35.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, November 6th. Wells Fargo & Company dropped their price target on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Citigroup cut their price objective on Madison Air Solutions from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, November 6th. Finally, Zacks Research downgraded Madison Air Solutions from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.30.

Madison Air Solutions Stock Performance

NYSE:MAIR opened at $24.02 on Monday. The company has a quick ratio of 1.21, a current ratio of 4.30 and a debt-to-equity ratio of 0.51. The company has a market cap of $12.05 billion and a P/E ratio of 0.00. Madison Air Solutions has a fifty-two week low of $20.85 and a fifty-two week high of $44.50. The firm’s 50 day moving average is $24.13 and its two-hundred day moving average is $31.62.

Madison Air Solutions (NYSE:MAIR) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.08. Madison Air Solutions had a net margin of 5.09% and a return on equity of 17.43%. The company had revenue of $1.13 billion for the quarter. The company’s revenue was up 25.4% on a year-over-year basis. Analysts expect that Madison Air Solutions will post 1.13 EPS for the current year.

Insider Activity

In other Madison Air Solutions news, Director Hudson La Force, III acquired 20,000 shares of the company’s 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 transaction, the director directly owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Madison Air Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in MAIR. Citadel Advisors LLC purchased a new stake in Madison Air Solutions during the 2nd quarter worth $251,481,000. Pictet Asset Management Holding SA raised its position in Madison Air Solutions by 42.9% in the third quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock valued at $155,908,000 after purchasing an additional 1,902,991 shares during the period. Alyeska Investment Group L.P. purchased a new position in Madison Air Solutions in the second quarter valued at about $67,411,000. Robeco Schweiz AG raised its position in Madison Air Solutions by 151.6% in the third quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock valued at $37,833,000 after purchasing an additional 926,619 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Madison Air Solutions during the second quarter worth about $23,790,000.

Madison Air Solutions Company Profile

Madison Air Solutions designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment and indoor air quality systems. Its offerings include engineered air-handling solutions and related products used to manage air movement, temperature and filtration in buildings. The company serves commercial and industrial applications, including facilities that require specialized climate control and ventilation. Its products are used in settings such as data centers, healthcare facilities, educational institutions and other large buildings.