Madison Air Solutions (NYSE:MAIR) Shares Gap Down – Here’s What Happened

Madison Air Solutions Corporation (NYSE:MAIRGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $43.40, but opened at $40.77. Madison Air Solutions shares last traded at $40.58, with a volume of 49,067 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $49.00 target price for the company. Royal Bank Of Canada 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 for the company. Wells Fargo & Company assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set an “overweight” rating and a $47.00 target price for the company. Bank of America assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $47.00 target price for the company. Finally, Zacks Research upgraded shares of Madison Air Solutions to a “hold” rating in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Read Our Latest Research Report on MAIR

Madison Air Solutions Trading Down 1.5%

Madison Air Solutions (NYSE:MAIRGet Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $83,088.00 earnings per share for the quarter. The business had revenue of $923.70 million during the quarter, compared to analyst estimates of $847.55 million.

About Madison Air Solutions

(Get Free Report)

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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