Madison Air Solutions Corporation (NYSE:MAIR – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $27.29 and last traded at $27.59, with a volume of 3656688 shares trading hands. The stock had previously closed at $29.57.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on MAIR shares. Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Wolfe Research started coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “peer perform” rating for the company. Jefferies Financial Group began coverage on shares of Madison Air Solutions in a research report on Tuesday, May 12th. They set a “hold” rating and a $45.00 target price on the stock. Bank of America began coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a “buy” rating and a $47.00 price target for the company. Finally, Stifel Nicolaus cut their price target on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Madison Air Solutions currently has an average rating of “Moderate Buy” and an average price target of $44.00.
Read Our Latest Analysis on Madison Air Solutions
Madison Air Solutions Stock Down 7.4%
Madison Air Solutions (NYSE:MAIR – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts forecast that Madison Air Solutions Corporation will post 1.11 earnings per share for the current year.
Hedge Funds Weigh In On Madison Air Solutions
A hedge fund recently bought a new stake in Madison Air Solutions stock. Bank of New York Mellon Corp acquired a new position in shares of Madison Air Solutions Corporation (NYSE:MAIR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 42,529 shares of the company’s stock, valued at approximately $1,659,000.
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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