Mesa Air Group Inc (MESA) Receives $17.80 Average PT from Analysts

Mesa Air Group Inc (NASDAQ:MESA) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.80.

A number of analysts have issued reports on the company. Imperial Capital assumed coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. Bank of America started coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price on the stock. Stifel Nicolaus started coverage on Mesa Air Group in a report on Tuesday, September 4th. They set a “buy” rating and a $15.00 price objective on the stock. Raymond James started coverage on Mesa Air Group in a report on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research lowered Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday.

MESA opened at $14.46 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of 3.56. Mesa Air Group has a 12-month low of $11.05 and a 12-month high of $16.41.

Mesa Air Group (NASDAQ:MESA) last released its earnings results on Monday, August 27th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $171.74 million during the quarter. Equities analysts predict that Mesa Air Group will post 1.15 earnings per share for the current fiscal year.

In other news, COO Michael L. Ferverda sold 9,473 shares of Mesa Air Group stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $105,718.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen N. Artist sold 12,635 shares of Mesa Air Group stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $141,006.60. The disclosure for this sale can be found here. Insiders have sold a total of 479,701 shares of company stock worth $5,353,463 in the last three months.

Several large investors have recently made changes to their positions in the company. Dean Capital Investments Management LLC acquired a new stake in shares of Mesa Air Group during the 3rd quarter worth approximately $708,000. FMR LLC acquired a new stake in shares of Mesa Air Group during the 3rd quarter worth approximately $2,370,000. BlackRock Inc. acquired a new stake in shares of Mesa Air Group during the 3rd quarter worth approximately $9,267,000. Bank of New York Mellon Corp acquired a new stake in shares of Mesa Air Group during the 3rd quarter worth approximately $15,679,000. Finally, First Mercantile Trust Co. bought a new position in shares of Mesa Air Group during the 3rd quarter worth approximately $295,000. 0.01% of the stock is currently owned by institutional investors.

About Mesa Air Group

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air services under capacity purchase agreements with the American Airlines and the United Airlines. As of March 31, 2018, it operated 145 aircraft with approximately 610 daily departures to 110 cities in the United States, Canada, Mexico, the Bahamas, and Cuba.

Featured Article: Yield Curve

Analyst Recommendations for Mesa Air Group (NASDAQ:MESA)

Receive News & Ratings for Mesa Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Air Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply