Madison Air Solutions Corporation (NYSE:MAIR) Stock Has Consensus Price Target of $42.20

Shares of Madison Air Solutions Corporation (NYSE:MAIR) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.20.

MAIR has been the subject of a number of research reports. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada lowered their price objective on shares of Madison Air Solutions from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Zacks Research downgraded shares of Madison Air Solutions from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Wells Fargo & Company cut their target price on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Finally, Citigroup reduced their target price on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 12th.

Madison Air Solutions Trading Down 5.1%

NYSE:MAIR opened at $23.73 on Monday. The company’s fifty day moving average is $24.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. Madison Air Solutions has a 52-week low of $21.96 and a 52-week high of $44.50.

Insiders Place Their Bets

In related news, Director Hudson La Force, III bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the acquisition, the director directly owned 36,713 shares of the company’s stock, valued at $1,022,089.92. The trade was a 119.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Madison Air Solutions

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Madison Air Solutions in the 2nd quarter valued at approximately $251,481,000. Pictet Asset Management Holding SA increased its stake in shares of Madison Air Solutions by 42.9% during the third quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock valued at $155,908,000 after purchasing an additional 1,902,991 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Madison Air Solutions during the second quarter valued at approximately $67,411,000. Robeco Schweiz AG lifted its holdings in shares of Madison Air Solutions by 151.6% during the third quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock valued at $37,833,000 after purchasing an additional 926,619 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Madison Air Solutions during the second quarter valued at approximately $23,790,000.

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.