Shares of Mesa Air Group Inc (NASDAQ:MESA) have been assigned an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.60.

A number of brokerages have commented on MESA. Zacks Investment Research downgraded Mesa Air Group from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Bank of America restated a “buy” rating and issued 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 Mesa Air Group from $16.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Finally, Cowen restated a “buy” rating and issued a $16.00 target price on shares of Mesa Air Group in a research note on Sunday, December 9th.

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Mesa Air Group in the third quarter worth about $9,267,000. First Mercantile Trust Co. acquired a new stake in shares of Mesa Air Group in the third quarter worth about $295,000. JPMorgan Chase & Co. acquired a new stake in shares of Mesa Air Group in the third quarter worth about $12,189,000. FMR LLC acquired a new stake in shares of Mesa Air Group in the third quarter worth about $2,370,000. Finally, Clearbridge Investments LLC acquired a new stake in shares of Mesa Air Group in the third quarter worth about $2,110,000. 65.55% of the stock is owned by institutional investors.

Shares of NASDAQ MESA opened at $9.52 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.84. Mesa Air Group has a one year low of $6.36 and a one year high of $16.41. The stock has a market capitalization of $228.76 million and a price-to-earnings ratio of 7.74.

Mesa Air Group (NASDAQ:MESA) last issued its earnings results on Monday, February 4th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $178.16 million during the quarter, compared to analysts’ expectations of $176.41 million. On average, equities research analysts anticipate that Mesa Air Group will post 2.2 EPS 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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