Mesa Air Group (MESA) Upgraded at ValuEngine

ValuEngine upgraded shares of Mesa Air Group (NASDAQ:MESA) from a sell rating to a hold rating in a research report report published on Monday, ValuEngine reports.

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.

Mesa Air Group (NASDAQ:MESA) last posted its earnings results on Thursday, May 9th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). The business had revenue of $177.15 million for the quarter, compared to the consensus estimate of $178.75 million. Mesa Air Group had a return on equity of 18.44% and a net margin of 5.76%. On average, equities research analysts expect that Mesa Air Group will post 2.17 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Mesa Air Group (NASDAQ:MESA)

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