Madison Air Solutions (NYSE:MAIR) Stock Price Target Raised at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target on Madison Air Solutions from $35 to $36 and maintained a Buy rating, implying 56.25% upside from the previous close.
• Analyst views are mixed, but MarketBeat reports a consensus Moderate Buy rating and an average price target of $41.30. Recent target cuts came from Citigroup and RBC, while Zacks Research and Weiss Ratings downgraded the stock.
• Madison Air Solutions beat quarterly EPS estimates, reporting $0.38 versus $0.30 expected; revenue was $1.13 billion, up 25.4% year over year.

Madison Air Solutions (NYSE:MAIR - Get Free Report) had its price target hoisted by stock analysts at Stifel Nicolaus from $35.00 to $36.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus's price target indicates a potential upside of 56.25% from the company's previous close.

Other analysts also recently issued research reports about the company. Zacks Research downgraded Madison Air Solutions from a "hold" rating to a "strong sell" rating in a research note on Friday, October 9th. Weiss Ratings downgraded Madison Air Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, September 28th. Wall Street Zen raised Madison Air Solutions to a "hold" rating in a research note on Sunday, July 12th. Citigroup reduced their target price on Madison Air Solutions from $40.00 to $36.00 and set a "buy" rating for the company in a report on Friday. Finally, Royal Bank Of Canada decreased their target price on Madison Air Solutions from $35.00 to $29.00 and set an "outperform" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.30.

Madison Air Solutions Price Performance

MAIR stock opened at $23.04 on Monday. The firm has a market cap of $11.56 billion and a PE ratio of 0.00. Madison Air Solutions has a 1 year low of $20.85 and a 1 year high of $44.50. The company has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $31.78. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.84.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.30 by $0.08. The business had revenue of $1.13 billion for the quarter. The business's quarterly revenue was up 25.4% compared to the same quarter last year. Sell-side analysts anticipate that Madison Air Solutions will post 1.06 EPS for the current fiscal year.

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 shares were acquired at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the completion of the transaction, the director owned 36,713 shares in the company, valued at approximately $1,022,089.92. This trade represents a 119.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC lifted its holdings in shares of Madison Air Solutions by 20.6% during the 3rd quarter. Simplex Trading LLC now owns 2,815 shares of the company's stock worth $69,000 after acquiring an additional 481 shares during the period. NewEdge Advisors LLC bought a new stake in Madison Air Solutions in the second quarter valued at about $94,000. Diversified Trust Co bought a new stake in Madison Air Solutions in the third quarter valued at about $312,000. Inspire Investing LLC bought a new stake in Madison Air Solutions in the third quarter valued at about $766,000. Finally, Engineers Gate Manager LP acquired a new position in Madison Air Solutions in the second quarter worth about $1,503,000.

About Madison Air Solutions

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