Cowen reissued their outperform rating on shares of Mesa Air Group (NASDAQ:MESA) in a research report sent to investors on Monday, Briefing.com Automated Import reports. They currently have a $9.00 price target on the stock, down from their previous price target of $12.00.

Other research analysts have also recently issued research reports about the company. B. Riley assumed coverage on Mesa Air Group in a research report on Friday, July 12th. They issued a buy rating and a $16.00 price objective on the stock. ValuEngine cut Mesa Air Group from a hold rating to a sell rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Mesa Air Group from a hold rating to a sell rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $13.86.

Shares of NASDAQ:MESA opened at $5.83 on Monday. The stock has a market cap of $174.76 million and a price-to-earnings ratio of 4.74. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 1.70. Mesa Air Group has a 12-month low of $5.35 and a 12-month high of $16.41. The business’s 50 day moving average is $9.29 and its 200 day moving average is $9.22.

Mesa Air Group (NASDAQ:MESA) last announced its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.25). Mesa Air Group had a net margin of 7.68% and a return on equity of 16.52%. The company had revenue of $180.22 million for the quarter, compared to analysts’ expectations of $182.91 million. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that Mesa Air Group will post 1.82 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. First Quadrant L P CA raised its stake in shares of Mesa Air Group by 49.5% in the second quarter. First Quadrant L P CA now owns 3,933 shares of the company’s stock valued at $36,000 after buying an additional 1,303 shares during the period. Parallel Advisors LLC bought a new stake in shares of Mesa Air Group in the second quarter valued at $39,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Mesa Air Group in the second quarter valued at $42,000. Trexquant Investment LP bought a new stake in shares of Mesa Air Group in the second quarter valued at $108,000. Finally, Rhumbline Advisers raised its stake in shares of Mesa Air Group by 14.3% in the first quarter. Rhumbline Advisers now owns 13,667 shares of the company’s stock valued at $114,000 after buying an additional 1,707 shares during the period. 67.34% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Why Net Income is Important to Investors

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.