Several other research firms also recently commented on MESA. Imperial Capital decreased their target price on shares of Mesa Air Group from $16.00 to $12.00 and set an outperform rating for the company in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Mesa Air Group from a buy rating to a hold rating in a research report on Friday, February 8th. Finally, Bank of America reaffirmed a buy rating and issued a $20.00 price objective on shares of Mesa Air Group in a research report on Wednesday, February 6th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $15.50.
Shares of NASDAQ:MESA traded down $0.10 during midday trading on Monday, hitting $8.80. 3,698 shares of the company’s stock were exchanged, compared to its average volume of 163,355. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.75 and a quick ratio of 0.68. The company has a market cap of $219.24 million and a PE ratio of 7.15. Mesa Air Group has a 12 month low of $6.36 and a 12 month high of $16.41.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in Mesa Air Group in the 4th quarter worth approximately $27,000. New York State Common Retirement Fund bought a new position in shares of Mesa Air Group during the 4th quarter valued at $73,000. Rhumbline Advisers bought a new position in shares of Mesa Air Group during the 4th quarter valued at $92,000. Hancock Whitney Corp bought a new position in shares of Mesa Air Group during the 4th quarter valued at $108,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Mesa Air Group during the 1st quarter valued at $120,000. Hedge funds and other institutional investors own 63.91% 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 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.
Featured Article: What is a recession?
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.