Mesa Air Group Inc (NASDAQ:MESA) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.80.

Several research analysts have issued reports on MESA shares. Raymond James started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 target price on the stock. Zacks Investment Research cut shares of Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Bank of America started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 price target on the stock. Stifel Nicolaus started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Cowen started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 price target on the stock.

Mesa Air Group stock traded up $0.20 during midday trading on Friday, hitting $11.89. 151,736 shares of the company’s stock were exchanged, compared to its average volume of 170,342. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.50 and a quick ratio of 0.43. Mesa Air Group has a 12 month low of $10.39 and a 12 month high of $16.41. The stock has a market cap of $274.93 million and a price-to-earnings ratio of 9.67.

Mesa Air Group (NASDAQ:MESA) last issued its earnings results on Monday, December 3rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.15. The business had revenue of $177.53 million for the quarter, compared to the consensus estimate of $180.96 million. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts expect that Mesa Air Group will post 2.25 earnings per share for the current year.

In other news, insider Michael Lotz sold 140,807 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $11.16, for a total value of $1,571,406.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jonathan G. Ornstein sold 277,388 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $11.16, for a total transaction of $3,095,650.08. The disclosure for this sale can be found here. Insiders sold a total of 479,701 shares of company stock worth $5,353,463 over the last 90 days.

Several large investors have recently added to or reduced their stakes in the company. Axar Capital Management L.P. bought a new stake in shares of Mesa Air Group in the 3rd quarter valued at about $23,686,000. Frontier Capital Management Co. LLC acquired a new stake in Mesa Air Group in the 3rd quarter worth approximately $18,935,000. Bank of New York Mellon Corp acquired a new stake in Mesa Air Group in the 3rd quarter worth approximately $15,679,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Mesa Air Group in the 3rd quarter worth approximately $13,431,000. Finally, JPMorgan Chase & Co. acquired a new stake in Mesa Air Group in the 3rd quarter worth approximately $12,189,000. Institutional investors and hedge funds own 69.92% of the company’s stock.

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.

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Analyst Recommendations for Mesa Air Group (NASDAQ:MESA)

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