Madison Air Solutions (NYSE:MAIR) Shares Gap Down – Here’s What Happened

Madison Air Solutions Corporation (NYSE:MAIR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $43.40, but opened at $40.77. Madison Air Solutions shares last traded at $40.58, with a volume of 49,067 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAIR. The Goldman Sachs Group began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “neutral” rating and a $44.00 target price on the stock. Barclays began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued an “overweight” rating and a $45.00 target price on the stock. Zacks Research raised shares of Madison Air Solutions to a “hold” rating in a research note on Tuesday, May 12th. Vertical Research began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Robert W. Baird began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued an “outperform” rating and a $48.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Madison Air Solutions has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Madison Air Solutions Stock Performance

Madison Air Solutions (NYSE:MAIR) last issued its earnings results on Tuesday, May 12th. The company reported $83,088.00 earnings per share (EPS) for the quarter. The company had revenue of $923.70 million for the quarter, compared to the consensus estimate of $847.55 million.

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.