Madison Air Solutions (NYSE:MAIR) Sets New 1-Year Low – Should You Sell?

Madison Air Solutions Corporation (NYSE:MAIR) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $22.80 and last traded at $23.32, with a volume of 29,240 shares traded. The stock had previously closed at $23.29.

Analyst Ratings Changes

A number of research firms recently commented on MAIR. Royal Bank Of Canada dropped their target price on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. Citigroup decreased their price target on shares of Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company dropped their price target on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Madison Air Solutions currently has an average rating of “Moderate Buy” and an average target price of $43.10.

Madison Air Solutions Price Performance

The company has a fifty day moving average price of $26.46. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The stock has a market cap of $11.65 billion and a P/E ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last issued its quarterly earnings results 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 during the quarter. During the same period in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities research analysts forecast that Madison Air Solutions Corporation will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Madison Air Solutions

In other news, Director Hudson La Force, III bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $27.84 per share, with a total value of $556,800.00. Following the purchase, the director directly owned 36,713 shares in the company, valued at $1,022,089.92. This trade represents a 119.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new position in Madison Air Solutions during the second quarter valued at $7,134,000. State Street Corp acquired a new stake in Madison Air Solutions during the 2nd quarter worth about $16,558,000. BlueCrest Capital Management Ltd acquired a new stake in Madison Air Solutions during the 2nd quarter worth about $23,790,000. Engineers Gate Manager LP acquired a new stake in Madison Air Solutions during the 2nd quarter worth about $1,503,000. Finally, NewEdge Advisors LLC purchased a new position in Madison Air Solutions during the 2nd quarter valued at about $94,000.

Madison Air Solutions Company Profile

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.