Madison Air Solutions (NYSE:MAIR) Shares Down 1.3% – Here’s What Happened

Madison Air Solutions Corporation (NYSE:MAIR) shares traded down 1.3% on Monday . The company traded as low as $36.98 and last traded at $37.09. Approximately 3,633,206 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 2,362,518 shares. The stock had previously closed at $37.59.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MAIR shares. Citigroup assumed coverage on Madison Air Solutions in a report on Monday, May 11th. They set a “buy” rating and a $49.00 price target for the company. William Blair started coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating on the stock. Vertical Research initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $50.00 target price for the company. Barclays started coverage on shares of Madison Air Solutions in a report on Monday, May 11th. They set an “overweight” rating and a $45.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “buy” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Madison Air Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Madison Air Solutions Stock Down 1.3%

The business has a fifty day moving average of $39.14.

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

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.