Madison Air Solutions (NYSE:MAIR) Sets New 1-Year Low – Should You Sell?

Madison Air Solutions Corporation (NYSE:MAIR)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $25.50 and last traded at $25.55, with a volume of 45799 shares changing hands. The stock had previously closed at $25.99.

Analyst Ratings Changes

Several equities research analysts have weighed in on MAIR shares. Vertical Research began coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They issued a “buy” rating and a $50.00 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 for the company. Royal Bank Of Canada lowered their price objective on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Wolfe Research initiated coverage on Madison Air Solutions in a research note on Monday, May 11th. They set a “peer perform” rating on the stock. Finally, Bank of America assumed coverage on Madison Air Solutions in a report on Monday, May 11th. They set a “buy” rating and a $47.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Madison Air Solutions Stock Performance

The firm’s 50-day moving average is $34.19. 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 $12.59 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last announced its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million for the quarter. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, analysts anticipate that Madison Air Solutions Corporation will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Madison Air Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Readystate Asset Management LP bought a new stake in Madison Air Solutions in the 2nd quarter valued at $16,029,000. Alyeska Investment Group L.P. acquired a new position in Madison Air Solutions in the 2nd quarter worth $67,411,000. Madison Asset Management LLC bought a new position in Madison Air Solutions during the 2nd quarter worth about $3,215,000. Finally, Bank of New York Mellon Corp bought a new position in Madison Air Solutions during the 2nd quarter worth about $1,659,000.

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.