Madison Air Solutions Corporation (NYSE:MAIR) Stock Has Average Target Price of $44.00

Key Points

• Analysts rate Madison Air Solutions “Moderate Buy”, with seven buys, two strong buys, four holds and one sell. The average 12-month price target is $44.00 versus the stock’s recent $24.07 price.
• The company exceeded quarterly expectations, reporting $0.31 EPS versus $0.24 estimated, while revenue rose 20.9% year over year to $991.3 million.
• Despite the positive earnings performance, several analysts recently lowered their price targets, and the stock remains near its 12-month low of $22.91 after trading down 2.2%.

Shares of Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $44.00.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reduced 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 research report on Friday, July 31st. Zacks Research cut shares of Madison Air Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded Madison Air Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, September 28th. Wells Fargo & Company reduced their target price 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. Finally, Wall Street Zen raised Madison Air Solutions to a "hold" rating in a research report on Sunday, July 12th.

Madison Air Solutions Trading Down 2.2%

NYSE MAIR opened at $24.07 on Thursday. The stock has a market cap of $12.08 billion and a price-to-earnings ratio of 0.00. The company has a fifty day moving average of $26.78. Madison Air Solutions has a 12 month low of $22.91 and a 12 month high of $44.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last announced its 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 prior year, the company posted $0.24 EPS. Madison Air Solutions's revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts predict that Madison Air Solutions will post 1.09 EPS for the current fiscal year.

Insider Transactions at Madison Air Solutions

In other Madison Air Solutions news, Director Hudson La Force, III bought 20,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $27.84 per share, with a total value of $556,800.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Madison Air Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in Madison Air Solutions during the second quarter worth about $251,481,000. Alyeska Investment Group L.P. purchased a new position in Madison Air Solutions in the second quarter valued at about $67,411,000. BlueCrest Capital Management Ltd purchased a new position in Madison Air Solutions in the second quarter valued at about $23,790,000. State Street Corp bought a new position in shares of Madison Air Solutions during the 2nd quarter valued at approximately $16,558,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Madison Air Solutions during the 2nd quarter worth approximately $16,029,000.

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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