Madison Air Solutions (NYSE:MAIR) Reaches New 12-Month Low - Should You Sell?

Key Points

• MAIR hit a new 52-week low, falling to $21.79 intraday and trading around $21.94, down from its prior close of $23.61.
• Analyst views are mixed: the consensus rating is “Moderate Buy” with a $42.20 price target, though several firms recently cut targets and Zacks downgraded the stock to “Strong Sell.”
• The company reported quarterly EPS of $0.38, beating the $0.30 estimate, while revenue rose 25.4% year over year to $1.13 billion. A director also bought 20,000 shares at $27.84.

Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report)'s share price reached a new 52-week low during trading on Thursday. The company traded as low as $21.79 and last traded at $21.94, with a volume of 1,419,406 shares. The stock had previously closed at $23.61.

Analyst Ratings Changes

Several research firms recently weighed in on MAIR. Citigroup cut their price objective on Madison Air Solutions from $49.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, October 12th. Wall Street Zen raised Madison Air Solutions to a "hold" rating in a report on Sunday, July 12th. Wells Fargo & Company lowered their target price on Madison Air Solutions from $46.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Zacks Research downgraded Madison Air Solutions from a "hold" rating to a "strong sell" rating in a research report on Friday, October 9th. Finally, Weiss Ratings lowered Madison Air Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.20.

Madison Air Solutions Stock Down 6.9%

The company's 50-day moving average price is $24.48. The company has a market capitalization of $11.02 billion and a price-to-earnings ratio of 0.00. 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 released its earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.08. The company had revenue of $1.13 billion during the quarter. Madison Air Solutions's revenue was up 25.4% on a year-over-year basis. On average, research analysts predict that Madison Air Solutions Corporation will post 1.06 EPS for the current year.

Insider Activity at Madison Air Solutions

In other news, Director Hudson La Force, III acquired 20,000 shares of Madison Air Solutions stock in a transaction on Tuesday, August 25th. The stock was bought at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the transaction, the director owned 36,713 shares of the company's stock, valued at $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Madison Air Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Simplex Trading LLC increased its stake in Madison Air Solutions by 20.6% in the third quarter. Simplex Trading LLC now owns 2,815 shares of the company's stock valued at $69,000 after acquiring an additional 481 shares during the period. Pictet Asset Management Holding SA raised its position in Madison Air Solutions by 42.9% in the third quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company's stock worth $155,908,000 after purchasing an additional 1,902,991 shares in the last quarter. Robeco Schweiz AG lifted its stake in Madison Air Solutions by 151.6% during the third quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company's stock worth $37,833,000 after purchasing an additional 926,619 shares during the period. Inspire Investing LLC bought a new position in Madison Air Solutions during the third quarter worth about $766,000. Finally, Envestnet Asset Management Inc. bought a new position in Madison Air Solutions during the second quarter worth about $7,134,000.

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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