Madison Air Solutions (NYSE:MAIR) Sets New 12-Month Low - What's Next?

Key Points

• Madison Air Solutions shares hit a new 52-week low, falling to $21.96 before last trading at $22.52, below the prior close of $23.22.
• Analyst views are mixed: several firms cut price targets, while the consensus remains a “Moderate Buy” with a $42.20 target. Zacks downgraded the stock to “Strong Sell.”
• The company beat quarterly EPS estimates, reporting $0.31 versus $0.24 expected, while revenue rose 20.9% year over year to $991.3 million. A director also bought 20,000 shares at $27.84 each.

Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday. The company traded as low as $21.96 and last traded at $22.52, with a volume of 412,713 shares traded. The stock had previously closed at $23.22.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAIR. Citigroup decreased their price target on shares of Madison Air Solutions from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, October 12th. Wells Fargo & Company dropped their price objective on 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. Zacks Research downgraded Madison Air Solutions from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. Wall Street Zen raised Madison Air Solutions to a "hold" rating in a research report on Sunday, July 12th. Finally, Royal Bank Of Canada lowered their target price on Madison Air Solutions from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.20.

Madison Air Solutions Stock Performance

The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.84. The firm has a market cap of $11.61 billion and a price-to-earnings ratio of 0.00. The firm's fifty day moving average price is $25.34.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.07. The business had revenue of $991.30 million for the quarter. The business's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. As a group, analysts expect that Madison Air Solutions Corporation will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Madison Air Solutions

In related news, Director Hudson La Force, III purchased 20,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the acquisition, 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 position. The transaction 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

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in Madison Air Solutions in the second quarter worth about $3,118,000. Readystate Asset Management LP bought a new stake in shares of Madison Air Solutions in the 2nd quarter valued at about $16,029,000. Citadel Advisors LLC purchased a new position in shares of Madison Air Solutions in the 2nd quarter worth approximately $251,481,000. Alyeska Investment Group L.P. purchased a new position in shares of Madison Air Solutions in the 2nd quarter worth approximately $67,411,000. Finally, State Street Corp bought a new position in shares of Madison Air Solutions during the 2nd quarter worth approximately $16,558,000.

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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