Madison Air Solutions Corporation (NYSE:MAIR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Madison Air Solutions Corporation (NYSE:MAIRGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $44.00.

Several equities research analysts recently commented on MAIR shares. Citigroup assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a “buy” rating and a $49.00 price objective on the stock. Barclays assumed coverage on Madison Air Solutions in a report on Monday, May 11th. They set an “overweight” rating and a $45.00 target price on the stock. Weiss Ratings began coverage on shares of Madison Air Solutions in a research note on Monday, August 3rd. They issued a “sell (d+)” rating for the company. Bank of America initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Jefferies Financial Group assumed 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.

Check Out Our Latest Analysis on Madison Air Solutions

Madison Air Solutions Stock Down 6.9%

NYSE:MAIR opened at $27.52 on Wednesday. The stock’s fifty day moving average is $34.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The firm has a market cap of $13.81 billion and a PE ratio of 0.00. Madison Air Solutions has a fifty-two week low of $27.29 and a fifty-two week high of $44.50.

Madison Air Solutions (NYSE:MAIRGet Free Report) last posted its quarterly earnings results 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 company had revenue of $991.30 million for the quarter. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. Equities analysts anticipate that Madison Air Solutions 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 purchased a new position in shares of Madison Air Solutions Corporation (NYSE:MAIRFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,529 shares of the company’s stock, valued at approximately $1,659,000.

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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Analyst Recommendations for Madison Air Solutions (NYSE:MAIR)

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