Madison Air Solutions (NYSE:MAIR) Reaches New 1-Year Low – Here’s Why

Madison Air Solutions Corporation (NYSE:MAIR) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $30.95 and last traded at $31.54, with a volume of 1270596 shares traded. The stock had previously closed at $32.22.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wolfe Research began coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their target price on shares of Madison Air Solutions from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Bank of America started coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a “buy” rating and a $47.00 price target for the company. Robert W. Baird initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set an “outperform” rating and a $48.00 price target for the company. Finally, Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Madison Air Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $46.80.

Madison Air Solutions Stock Down 3.1%

The business has a 50-day moving average of $38.21. The company has a market capitalization of $15.65 billion and a P/E ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last released 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 during the quarter, compared to analyst estimates 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.