Mesa Air Group Inc (NASDAQ:MESA) has received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.50.
MESA has been the topic of several research analyst reports. Raymond James decreased their price target on shares of Mesa Air Group from $15.00 to $14.00 and set a “strong-buy” rating on the stock in a research note on Monday, December 16th. cut shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MESA. Meeder Asset Management Inc. grew its stake in shares of Mesa Air Group by 3,806.5% during the third quarter. Meeder Asset Management Inc. now owns 10,157 shares of the company’s stock valued at $69,000 after purchasing an additional 9,897 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Mesa Air Group during the second quarter valued at approximately $92,000. Peak Asset Management LLC acquired a new position in Mesa Air Group in the second quarter valued at approximately $103,000. Advocacy Wealth Management Services LLC acquired a new position in Mesa Air Group in the third quarter valued at approximately $108,000. Finally, Trexquant Investment LP acquired a new position in Mesa Air Group in the second quarter valued at approximately $108,000. 69.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mesa Air Group stock opened at $8.69 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.53 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $286.08 million, a price-to-earnings ratio of 5.30, a P/E/G ratio of 0.39 and a beta of 1.80. Mesa Air Group has a 1-year low of $5.35 and a 1-year high of $11.08. The firm’s 50-day moving average price is $8.29 and its two-hundred day moving average price is $8.06.
Mesa Air Group (NASDAQ:MESA) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Mesa Air Group had a net margin of 6.58% and a return on equity of 14.18%. The business had revenue of $187.80 million for the quarter, compared to analysts’ expectations of $178.51 million. During the same period in the prior year, the firm earned $0.65 earnings per share. Mesa Air Group’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Mesa Air Group will post 1.68 EPS for the current 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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