Shares of Mesa Air Group Inc (NASDAQ:MESA) have received an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.50.

Several analysts recently issued reports on MESA shares. B. Riley set a $18.00 target price on TiVo and gave the stock a “buy” rating in a research note on Friday, July 12th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Finally, Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. grew its position in shares of Mesa Air Group by 60.8% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 55,743 shares of the company’s stock valued at $531,000 after acquiring an additional 21,086 shares during the period. FMR LLC grew its position in shares of Mesa Air Group by 31.7% during the 1st quarter. FMR LLC now owns 424,500 shares of the company’s stock valued at $3,540,000 after acquiring an additional 102,200 shares during the period. Marshall Wace North America L.P. grew its position in shares of Mesa Air Group by 76.8% during the 1st quarter. Marshall Wace North America L.P. now owns 23,986 shares of the company’s stock valued at $200,000 after acquiring an additional 10,417 shares during the period. Marshall Wace LLP grew its position in shares of Mesa Air Group by 64.6% during the 1st quarter. Marshall Wace LLP now owns 272,126 shares of the company’s stock valued at $2,270,000 after acquiring an additional 106,770 shares during the period. Finally, Formula Growth Ltd. bought a new stake in shares of Mesa Air Group during the 1st quarter valued at $2,729,000. 70.54% of the stock is currently owned by institutional investors.

Shares of MESA traded down $0.14 during trading hours on Monday, hitting $10.09. The company had a trading volume of 268,727 shares, compared to its average volume of 301,901. The firm has a market cap of $294.48 million and a price-to-earnings ratio of 8.20. The company’s 50 day moving average is $9.89. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.70. Mesa Air Group has a 52-week low of $6.36 and a 52-week high of $16.41.

Mesa Air Group (NASDAQ:MESA) last posted its earnings results on Thursday, May 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The business had revenue of $177.15 million during the quarter, compared to the consensus estimate of $178.75 million. Mesa Air Group had a return on equity of 17.46% and a net margin of 5.76%. On average, equities research analysts forecast that Mesa Air Group will post 2.15 earnings per share for the current fiscal year.

About Mesa Air Group

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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