Montana Technologies (NASDAQ:AIRJ - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at HC Wainwright in a research note issued on Thursday,Benzinga reports. They currently have a $12.00 target price on the stock. HC Wainwright's price objective would suggest a potential upside of 162.01% from the stock's current price. HC Wainwright also issued estimates for Montana Technologies' FY2029 earnings at $0.10 EPS.
Separately, Alliance Global Partners initiated coverage on shares of Montana Technologies in a research report on Monday, February 24th. They issued a "buy" rating and a $11.00 price objective for the company.
Check Out Our Latest Report on Montana Technologies
Montana Technologies Trading Down 6.0 %
AIRJ traded down $0.29 during trading on Thursday, hitting $4.58. 85,216 shares of the company's stock were exchanged, compared to its average volume of 68,678. The stock has a 50 day moving average price of $7.77 and a 200 day moving average price of $7.47. Montana Technologies has a 1 year low of $4.42 and a 1 year high of $21.78. The firm has a market cap of $255.76 million, a P/E ratio of 24.11 and a beta of 0.20.
Montana Technologies (NASDAQ:AIRJ - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.16). Analysts forecast that Montana Technologies will post 4.97 earnings per share for the current fiscal year.
Institutional Trading of Montana Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kovitz Investment Group Partners LLC purchased a new position in Montana Technologies in the third quarter valued at about $508,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Montana Technologies by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company's stock valued at $404,000 after buying an additional 8,714 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Montana Technologies during the third quarter worth approximately $342,000. Geode Capital Management LLC increased its stake in shares of Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock worth $1,086,000 after buying an additional 4,905 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Montana Technologies by 19.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company's stock valued at $147,000 after acquiring an additional 3,000 shares in the last quarter. 63.65% of the stock is owned by hedge funds and other institutional investors.
About Montana Technologies
(
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Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.
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