Shares of Mesa Air Group Inc (NASDAQ:MESA) have earned an average rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.80.

Several brokerages have issued reports on MESA. Imperial Capital began coverage on Mesa Air Group in a research report on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 price objective for the company. Cowen initiated coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 target price for the company. Stifel Nicolaus initiated coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued a “buy” rating and a $15.00 target price for the company. Bank of America initiated coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Wednesday.

In related news, CEO Jonathan G. Ornstein sold 277,388 shares of Mesa Air Group stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $3,095,650.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian S. Gillman sold 39,398 shares of Mesa Air Group stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $439,681.68. The disclosure for this sale can be found here. Insiders sold a total of 479,701 shares of company stock valued at $5,353,463 over the last three months.

Institutional investors have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Mesa Air Group during the third quarter worth $13,431,000. Frontier Capital Management Co. LLC acquired a new stake in shares of Mesa Air Group during the third quarter worth $18,935,000. Axar Capital Management L.P. acquired a new stake in shares of Mesa Air Group during the third quarter worth $23,686,000. Monarch Partners Asset Management LLC acquired a new stake in shares of Mesa Air Group during the third quarter worth $2,471,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Mesa Air Group during the third quarter worth $15,679,000. 0.01% of the stock is owned by institutional investors and hedge funds.

Shares of MESA opened at $14.46 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 3.56. Mesa Air Group has a 52-week low of $11.05 and a 52-week high of $16.41.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings data on Monday, August 27th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $171.74 million during the quarter. Equities research analysts anticipate that Mesa Air Group will post 1.15 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 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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