Madison Air Solutions (NYSE:MAIR) Price Target Lowered to $33.00 at Wells Fargo & Company

Madison Air Solutions (NYSE:MAIR) had its price objective decreased by Wells Fargo & Company from $46.00 to $33.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 12.17% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a “neutral” rating and a $44.00 target price on the stock. Jefferies Financial Group began coverage on shares of Madison Air Solutions in a report on Tuesday, May 12th. They issued a “hold” rating and a $45.00 price target on the stock. Wolfe Research started coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “peer perform” rating for the company. Royal Bank Of Canada dropped their price objective on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a report on Friday. Finally, Robert W. Baird initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating and a $48.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Madison Air Solutions Stock Performance

NYSE:MAIR traded up $0.36 during mid-day trading on Monday, reaching $29.42. The company’s stock had a trading volume of 156,846 shares, compared to its average volume of 2,510,521. The stock’s fifty day moving average price is $37.68. Madison Air Solutions has a twelve month low of $27.38 and a twelve month high of $44.50. The company has a market cap of $14.75 billion and a PE ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last posted its quarterly 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 business had revenue of $991.30 million during the quarter. During the same period last year, the business earned $0.24 EPS. Madison Air Solutions’s revenue for the quarter was up 20.9% compared to the same quarter last year.

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.