Madison Air Solutions (NYSE:MAIR) Sets New 1-Year Low - Should You Sell?

Key Points

• Madison Air Solutions shares fell to a new 52-week low of $22.80, trading near $23.32 and below the 50-day moving average of $26.46.
• Analyst sentiment remains mixed but averages a “Moderate Buy” rating, with a consensus price target of $43.10; however, several firms recently lowered their targets, and Zacks downgraded the stock to “Strong Sell.”
• The company reported quarterly EPS of $0.31, beating estimates of $0.24, while revenue rose 20.9% year over year to $991.3 million. A director also purchased 20,000 shares at $27.84, more than doubling his stake.

Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report)'s stock price hit a new 52-week low on Tuesday. The stock traded as low as $22.80 and last traded at $23.32, with a volume of 29,240 shares changing hands. The stock had previously closed at $23.29.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MAIR shares. Zacks Research lowered shares of Madison Air Solutions from a "hold" rating to a "strong sell" rating in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, August 3rd. Weiss Ratings cut Madison Air Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, September 28th. Citigroup reduced 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. Finally, Stifel Nicolaus decreased their price objective on Madison Air Solutions from $49.00 to $41.00 and set a "buy" rating for the company in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.10.

Madison Air Solutions Stock Performance

The company has a 50 day moving average of $26.46. The company has a market capitalization of $11.65 billion and a P/E ratio of 0.00. 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million during the quarter. During the same period in the previous year, the business earned $0.24 EPS. Madison Air Solutions's quarterly revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts expect that Madison Air Solutions Corporation will post 1.06 earnings per share for the current year.

Insider Transactions at Madison Air Solutions

In other news, Director Hudson La Force, III purchased 20,000 shares of the firm's stock in a transaction on 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 purchase, the director 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 SEC, which is available through this hyperlink.

Institutional Trading of Madison Air Solutions

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

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.

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