Mesa Air Group (NASDAQ:MESA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Mesa Air Group, Inc. provides airlines services. The Company offers passenger transportation and regional air services. Mesa Air Group, Inc. is based in Phoenix, Arizona. “

Several other analysts have also recently commented on the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. B. Riley set a $18.00 price target on TiVo and gave the company a “buy” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.57.

Mesa Air Group stock opened at $10.14 on Tuesday. The stock has a market cap of $292.46 million and a PE ratio of 8.24. The stock’s 50-day moving average is $9.85. Mesa Air Group has a 52 week low of $6.36 and a 52 week high of $16.41. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.70.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The company had revenue of $177.15 million for the quarter, compared to analysts’ expectations of $178.75 million. Mesa Air Group had a return on equity of 17.46% and a net margin of 5.76%. Equities research analysts predict that Mesa Air Group will post 2.15 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of MESA. Axar Capital Management L.P. purchased a new stake in Mesa Air Group in the 1st quarter valued at about $11,090,000. Parkwood LLC purchased a new stake in Mesa Air Group in the 1st quarter valued at about $6,255,000. Formula Growth Ltd. purchased a new stake in Mesa Air Group in the 1st quarter valued at about $2,729,000. Royce & Associates LP purchased a new stake in Mesa Air Group in the 1st quarter valued at about $2,294,000. Finally, FMR LLC lifted its stake in shares of Mesa Air Group by 88.5% in the 4th quarter. FMR LLC now owns 322,300 shares of the company’s stock valued at $2,485,000 after purchasing an additional 151,300 shares in the last quarter. Institutional investors own 70.54% 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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