Madison Air Solutions (NYSE:MAIR) Stock Gets Price Target Trim from Royal Bank Of Canada

Madison Air Solutions (NYSE:MAIR) had its price objective trimmed by Royal Bank Of Canada from $38.00 to $35.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company lowered their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. Stifel Nicolaus cut their price objective on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings lowered shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Finally, Zacks Research lowered shares of Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Madison Air Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Madison Air Solutions Trading Down 0.9%

Madison Air Solutions stock opened at $23.27 on Wednesday. The stock has a market cap of $11.68 billion and a price-to-earnings ratio of 0.00. Madison Air Solutions has a 12 month low of $22.13 and a 12 month high of $44.50. The stock has a 50 day moving average of $25.83. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.84.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million for the quarter. During the same period last year, the business posted $0.24 earnings per share. Madison Air Solutions’s quarterly revenue was up 20.9% on a year-over-year basis. On average, equities research analysts forecast that Madison Air Solutions will post 1.06 EPS for the current year.

Insider Activity at Madison Air Solutions

In other Madison Air Solutions news, Director Hudson La Force, III acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the completion of the transaction, the director directly owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This represents a 119.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new stake in Madison Air Solutions in the 2nd quarter worth $7,134,000. State Street Corp acquired a new position in Madison Air Solutions during the second quarter worth $16,558,000. BlueCrest Capital Management Ltd purchased a new position in Madison Air Solutions during the second quarter valued at $23,790,000. Engineers Gate Manager LP purchased a new position in Madison Air Solutions during the second quarter valued at $1,503,000. Finally, NewEdge Advisors LLC purchased a new position in Madison Air Solutions during the second quarter valued at $94,000.

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.