Madison Air Solutions Corporation (NYSE:MAIR) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Madison Air Solutions, with seven buy ratings, two strong-buy ratings, four holds and one sell. The average 12-month price target is $44.00 versus the stock’s $27.52 opening price.
• Madison Air Solutions exceeded quarterly earnings expectations, reporting $0.31 EPS versus the $0.24 consensus and $991.3 million in revenue, up 20.9% year over year.
• Brokerage views are mixed but generally positive: Stifel cut its target to $41 while maintaining a buy rating, and Baird initiated coverage with an outperform rating and a $48 target; Bank of New York Mellon also purchased a new 42,529-share position.

Shares of Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of brokerages recently issued reports on MAIR. Stifel Nicolaus decreased their target price on Madison Air Solutions from $49.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Robert W. Baird assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set an "outperform" rating and a $48.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a "neutral" rating and a $44.00 price target for the company. William Blair assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set an "outperform" rating on the stock. Finally, Jefferies Financial Group started coverage on shares of Madison Air Solutions in a report on Tuesday, May 12th. They issued a "hold" rating and a $45.00 target price for the company.

Madison Air Solutions Stock Performance

Shares of MAIR stock opened at $27.52 on Wednesday. The firm has a market capitalization of $13.81 billion and a PE ratio of 0.00. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. Madison Air Solutions has a fifty-two week low of $27.29 and a fifty-two week high of $44.50. The company has a 50 day simple moving average of $34.93.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million for the quarter. During the same period last year, the firm earned $0.24 earnings per share. Madison Air Solutions's quarterly revenue was up 20.9% compared to the same quarter last year. On average, research analysts forecast that Madison Air Solutions will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Madison Air Solutions

A hedge fund recently bought a new stake in Madison Air Solutions stock. Bank of New York Mellon Corp purchased a new position in shares of Madison Air Solutions Corporation (NYSE:MAIR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,529 shares of the company's stock, valued at approximately $1,659,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source