Madison Air Solutions (NYSE:MAIR) Sets New 12-Month Low - Time to Sell?

Key Points

• Madison Air Solutions shares fell to a new 52-week low, trading as low as $24.34 compared with a prior close of $25.07. The stock is well below its 50-day moving average of $31.03.
• Analyst sentiment remains broadly positive but price targets have been cut sharply: the consensus rating is “Moderate Buy” with a $44 target, while several firms recently lowered targets and Weiss Ratings downgraded the stock to “sell.”
• The company exceeded quarterly earnings expectations, reporting $0.31 per share versus a $0.24 consensus estimate and $991.3 million in revenue, up 20.9% year over year. A company director also purchased 20,000 shares at an average price of $27.84.

Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $24.34 and last traded at $24.69, with a volume of 90983 shares trading hands. The stock had previously closed at $25.07.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAIR. Stifel Nicolaus dropped their price target on Madison Air Solutions from $49.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada dropped their target price on shares of Madison Air Solutions from $47.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company reduced their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, August 3rd. Weiss Ratings lowered shares of Madison Air Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 31st. Finally, Wall Street Zen raised shares of Madison Air Solutions to a "hold" rating in a research report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

Madison Air Solutions Stock Performance

The firm has a fifty day simple moving average of $31.03. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The stock has a market cap of $12.43 billion and a P/E ratio of 0.00.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. The company's revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. Sell-side analysts anticipate that Madison Air Solutions Corporation will post 1.09 EPS for the current year.

Insider Activity at Madison Air Solutions

In related news, Director Hudson La Force, III acquired 20,000 shares of the 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 completion of the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Madison Air Solutions

Several institutional investors have recently bought and sold shares of MAIR. BlueCrest Capital Management Ltd purchased a new stake in Madison Air Solutions in the 2nd quarter valued at $23,790,000. Engineers Gate Manager LP purchased a new position in Madison Air Solutions during the 2nd quarter worth $1,503,000. NewEdge Advisors LLC bought a new stake in shares of Madison Air Solutions in the 2nd quarter worth $94,000. Squarepoint Ops LLC bought a new stake in shares of Madison Air Solutions in the 2nd quarter worth $3,118,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Madison Air Solutions in the second quarter valued at about $251,481,000.

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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