Mesa Air Group Inc (NASDAQ:MESA) has earned an average rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.40.
MESA has been the subject of several research analyst reports. Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 15th. ValuEngine upgraded Mesa Air Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus set a $10.00 price objective on Mesa Air Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Cowen restated an “outperform” rating and issued a $9.00 price objective (down from $12.00) on shares of Mesa Air Group in a research note on Monday, August 12th. Finally, B. Riley initiated coverage on Mesa Air Group in a research note on Friday, July 12th. They issued a “buy” rating and a $16.00 price objective for the company.
Shares of NASDAQ:MESA opened at $7.71 on Wednesday. Mesa Air Group has a 52-week low of $5.35 and a 52-week high of $15.95. The stock has a market cap of $221.46 million, a price-to-earnings ratio of 6.27, a PEG ratio of 0.18 and a beta of 1.67. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average price of $6.91 and a 200-day moving average price of $8.41.
Mesa Air Group (NASDAQ:MESA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.25). Mesa Air Group had a return on equity of 16.32% and a net margin of 7.68%. The firm had revenue of $180.22 million during the quarter, compared to analysts’ expectations of $182.91 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mesa Air Group will post 1.67 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in MESA. First Quadrant L P CA raised its position in Mesa Air Group by 49.5% during the second quarter. First Quadrant L P CA now owns 3,933 shares of the company’s stock valued at $36,000 after acquiring an additional 1,303 shares in the last quarter. Parallel Advisors LLC purchased a new position in Mesa Air Group during the second quarter valued at approximately $39,000. Steward Partners Investment Advisory LLC purchased a new position in Mesa Air Group during the second quarter valued at approximately $42,000. Meeder Asset Management Inc. raised its position in Mesa Air Group by 3,806.5% during the third quarter. Meeder Asset Management Inc. now owns 10,157 shares of the company’s stock valued at $69,000 after acquiring an additional 9,897 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Mesa Air Group during the second quarter valued at approximately $92,000. Institutional investors own 69.08% of the company’s stock.
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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