Madison Air Solutions Corporation (NYSE:MAIR) Stock Has Average Price Target of $42.20

Key Points

• Analysts have a “Moderate Buy” consensus on Madison Air Solutions, with seven buy ratings, two strong-buy ratings, three holds and two sells. The average 12-month price target is $42.20, though several firms recently lowered their targets.
• MAIR shares opened at $23.08, near the lower end of their 52-week range of $21.96 to $44.50. The company’s latest quarterly results exceeded expectations, reporting $0.31 in EPS versus a $0.24 estimate, while revenue rose 20.9% year over year to $991.3 million.
• Director Hudson La Force III bought 20,000 shares for approximately $556,800, more than doubling his holdings. Several major investment firms, including Citadel Advisors and Alyeska Investment Group, also established new positions during the second quarter.

Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.20.

A number of brokerages have recently commented on MAIR. Citigroup lowered their price target on Madison Air Solutions from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, October 12th. Royal Bank Of Canada decreased their price objective on Madison Air Solutions from $38.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. Weiss Ratings downgraded shares of Madison Air Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, September 28th. Zacks Research lowered Madison Air Solutions from a "hold" rating to a "strong sell" rating in a research report on Friday, October 9th. Finally, Wall Street Zen upgraded Madison Air Solutions to a "hold" rating in a report on Sunday, July 12th.

Insider Activity at Madison Air Solutions

In other news, Director Hudson La Force, III purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $27.84 per share, with a total value of $556,800.00. Following the purchase, the director owned 36,713 shares in the company, valued at $1,022,089.92. This represents a 119.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MAIR. Readystate Asset Management LP purchased a new position in Madison Air Solutions in the second quarter valued at about $16,029,000. Squarepoint Ops LLC bought a new stake in Madison Air Solutions during the 2nd quarter valued at $3,118,000. Citadel Advisors LLC purchased a new stake in shares of Madison Air Solutions in the 2nd quarter valued at $251,481,000. State Street Corp acquired a new stake in Madison Air Solutions in the 2nd quarter worth about $16,558,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Madison Air Solutions during the second quarter worth $67,411,000.

Madison Air Solutions Stock Down 0.3%

NYSE MAIR opened at $23.08 on Monday. The business has a fifty day moving average of $24.61. 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 has a fifty-two week low of $21.96 and a fifty-two week high of $44.50. The firm has a market capitalization of $11.58 billion and a PE ratio of 0.00.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) 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 company posted $0.24 EPS. The company's revenue for the quarter was up 20.9% on a year-over-year basis. As a group, analysts anticipate that Madison Air Solutions will post 1.06 EPS 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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