Madison Air Solutions (NYSE:MAIR) Shares Gap Up – Still a Buy?

Madison Air Solutions Corporation (NYSE:MAIRGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $31.28, but opened at $32.80. Madison Air Solutions shares last traded at $29.50, with a volume of 768,355 shares traded.

Analyst Ratings Changes

MAIR has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Wall Street Zen raised Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Citigroup began coverage on Madison Air Solutions in a report on Monday, May 11th. They issued a “buy” rating and a $49.00 target price for the company. Vertical Research began coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Robert W. Baird began coverage on Madison Air Solutions in a report on Monday, May 11th. They set an “outperform” rating and a $48.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Madison Air Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Read Our Latest Stock Analysis on Madison Air Solutions

Madison Air Solutions Price Performance

The stock has a fifty day simple moving average of $34.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21. The firm has a market cap of $13.81 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIRGet Free Report) last announced 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 during the quarter. During the same period in the previous year, the business earned $0.24 EPS. Madison Air Solutions’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts forecast that Madison Air Solutions Corporation will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Madison Air Solutions

A hedge fund recently bought a new position in Madison Air Solutions stock. Bank of New York Mellon Corp bought a new position in Madison Air Solutions Corporation (NYSE:MAIRFree Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 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.

Further Reading

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