Madison Air Solutions Corporation (NYSE:MAIR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts assign MAIR a “Moderate Buy” consensus based on 14 ratings: seven buys, two strong buys, four holds and one sell. The average 12-month price target is $44, though several firms recently lowered their targets.
• Madison Air Solutions reported quarterly EPS of $0.31, surpassing the $0.24 consensus estimate, while revenue reached $991.3 million—up 20.9% year over year.
• Director Hudson La Force III purchased 20,000 shares for approximately $556,800, while several institutional investors initiated new positions. MAIR opened at $25.25, near its 52-week low of $24.34.

Shares of Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $44.00.

MAIR has been the subject of a number of recent research reports. Royal Bank Of Canada cut their price objective 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. Wall Street Zen upgraded Madison Air Solutions to a "hold" rating in a research report on Sunday, July 12th. Wells Fargo & Company cut their price target on Madison Air Solutions from $46.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, August 3rd. Weiss Ratings downgraded Madison Air Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 31st. Finally, Stifel Nicolaus lowered their price objective on Madison Air Solutions from $49.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, July 31st.

Insider Activity

In related news, Director Hudson La Force, III purchased 20,000 shares of Madison Air Solutions stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the acquisition, the director directly owned 36,713 shares in the company, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Madison Air Solutions

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

Madison Air Solutions Stock Up 1.4%

Shares of MAIR opened at $25.25 on Friday. Madison Air Solutions has a 52-week low of $24.34 and a 52-week high of $44.50. The firm has a market cap of $12.67 billion and a PE ratio of 0.00. The business's fifty day simple moving average is $30.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.07. The business had revenue of $991.30 million during the quarter. The firm's revenue was up 20.9% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. As a group, research analysts anticipate 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.

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