Mesa Air Group Inc (MESA) Receives Average Rating of “Buy” from Analysts

Mesa Air Group Inc (NASDAQ:MESA) has been assigned an average recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.80.

Several brokerages have recently issued reports on MESA. Imperial Capital began coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. Cowen began coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 target price on the stock. Bank of America began coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price on the stock. Stifel Nicolaus began coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Raymond James initiated coverage on Mesa Air Group in a report on Tuesday, September 4th. They issued a “strong-buy” rating and a $20.00 target price on the stock.

In other Mesa Air Group news, COO Michael L. Ferverda sold 9,473 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $105,718.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan G. Ornstein sold 277,388 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $3,095,650.08. The disclosure for this sale can be found here. Insiders have sold 479,701 shares of company stock worth $5,353,463 over the last three months.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Advisors LLC bought a new stake in Mesa Air Group during the third quarter worth approximately $174,000. TIAA CREF Investment Management LLC bought a new stake in Mesa Air Group during the third quarter worth approximately $193,000. Marathon Capital Management bought a new stake in Mesa Air Group during the third quarter worth approximately $207,000. Symmetry Peak Management LLC bought a new stake in Mesa Air Group during the third quarter worth approximately $277,000. Finally, First Mercantile Trust Co. bought a new stake in Mesa Air Group during the third quarter worth approximately $295,000. 35.31% of the stock is currently owned by institutional investors.

Shares of MESA stock opened at $12.08 on Friday. Mesa Air Group has a 12-month low of $11.05 and a 12-month high of $16.41. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 3.56.

About Mesa Air Group

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air services under capacity purchase agreements with the American Airlines and the United Airlines. As of March 31, 2018, it operated 145 aircraft with approximately 610 daily departures to 110 cities in the United States, Canada, Mexico, the Bahamas, and Cuba.

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Analyst Recommendations for Mesa Air Group (NASDAQ:MESA)

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