Madison Air Solutions (NYSE:MAIR) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Madison Air Solutions (NYSE:MAIR) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on MAIR. William Blair began coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Robert W. Baird assumed coverage on Madison Air Solutions in a report on Monday, May 11th. They set an “outperform” rating and a $48.00 target price for the company. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Wolfe Research initiated coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company reduced their price objective on shares of Madison Air Solutions from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Madison Air Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.80.

Madison Air Solutions Stock Performance

MAIR opened at $35.67 on Tuesday. The business has a 50 day simple moving average of $38.66. The company has a market cap of $17.88 billion and a P/E ratio of 0.00. Madison Air Solutions has a 12 month low of $31.00 and a 12 month high of $44.50.

Madison Air Solutions (NYSE:MAIR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $83,088.00 earnings per share for the quarter. The business had revenue of $923.70 million during the quarter, compared to analysts’ expectations 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.