Mesa Air Group Inc (MESA) Given Average Rating of “Buy” by Analysts

Shares of Mesa Air Group Inc (NASDAQ:MESA) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.60.

A number of brokerages recently weighed in on MESA. Zacks Investment Research downgraded shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Saturday. Bank of America reissued a “buy” rating and set a $20.00 target price on shares of Mesa Air Group in a research note on Wednesday, February 6th. Imperial Capital lowered their target price on shares of Mesa Air Group from $16.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Finally, Cowen reissued a “buy” rating and set a $16.00 target price on shares of Mesa Air Group in a research note on Sunday, December 9th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in Mesa Air Group during the fourth quarter worth $27,000. New York State Common Retirement Fund bought a new position in Mesa Air Group during the fourth quarter worth $73,000. Rhumbline Advisers bought a new position in Mesa Air Group during the fourth quarter worth $92,000. Teachers Advisors LLC bought a new position in Mesa Air Group during the third quarter worth $174,000. Finally, TIAA CREF Investment Management LLC bought a new position in Mesa Air Group during the third quarter worth $193,000. 65.55% of the stock is owned by institutional investors and hedge funds.

Shares of MESA stock traded down $0.11 during trading hours on Tuesday, hitting $9.41. 353,352 shares of the company’s stock traded hands, compared to its average volume of 229,985. The company has a market capitalization of $230.91 million and a P/E ratio of 7.65. Mesa Air Group has a 12 month low of $6.36 and a 12 month high of $16.41. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 0.75.

Mesa Air Group (NASDAQ:MESA) last released its quarterly earnings results on Monday, February 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $178.16 million for the quarter, compared to the consensus estimate of $176.41 million. As a group, sell-side analysts forecast that Mesa Air Group will post 2.2 earnings per share for the current fiscal year.

Mesa Air Group Company Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2018, it operated a fleet of 145 aircraft with approximately 730 daily departures to 110 cities in the United States, Canada, Mexico, Cuba, and the Bahamas.

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Analyst Recommendations for Mesa Air Group (NASDAQ:MESA)

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