Madison Air Solutions (NYSE:MAIR) Sets New 12-Month Low – Should You Sell?

Madison Air Solutions Corporation (NYSE:MAIR) reached 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 traded. The stock had previously closed at $29.57.

Analyst Ratings Changes

Several equities analysts have issued reports on MAIR shares. Citigroup started coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued a “buy” rating and a $49.00 price objective for the company. Zacks Research cut Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings initiated coverage on Madison Air Solutions in a research note on Monday, August 3rd. They issued a “sell (d+)” rating for the company. The Goldman Sachs Group started coverage on Madison Air Solutions in a report on Monday, May 11th. They issued a “neutral” rating and a $44.00 price target for the company. Finally, Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Madison Air Solutions Trading Down 7.4%

The stock has a fifty day simple moving average of $35.19. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $13.73 billion and a PE ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. On average, equities analysts predict that Madison Air Solutions Corporation will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Madison Air Solutions

A hedge fund recently bought a new stake in Madison Air Solutions stock. Madison Asset Management LLC acquired a new position in Madison Air Solutions Corporation (NYSE:MAIR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 82,427 shares of the company’s stock, valued at approximately $3,215,000.

About Madison Air Solutions

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.