Several other brokerages also recently commented on MESA. Zacks Investment Research downgraded Mesa Air Group from a hold rating to a sell rating in a research note on Saturday, March 16th. Bank of America reaffirmed a buy rating and set a $20.00 price objective on shares of Mesa Air Group in a research note on Wednesday, February 6th. Finally, Imperial Capital dropped their price objective on Mesa Air Group from $16.00 to $12.00 and set an outperform rating on the stock in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Mesa Air Group currently has a consensus rating of Buy and an average price target of $15.50.
Shares of Mesa Air Group stock opened at $8.97 on Monday. The firm has a market cap of $217.33 million and a P/E ratio of 7.29. Mesa Air Group has a 12 month low of $6.36 and a 12 month high of $16.41. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 0.75.
Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The business had revenue of $177.15 million for the quarter, compared to analyst estimates of $178.75 million. Mesa Air Group had a return on equity of 18.44% and a net margin of 5.76%. On average, analysts expect that Mesa Air Group will post 2.2 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Mesa Air Group during the 3rd quarter worth about $9,267,000. Altimeter Capital Management LP increased its holdings in Mesa Air Group by 55.2% during the 4th quarter. Altimeter Capital Management LP now owns 186,198 shares of the company’s stock worth $1,436,000 after purchasing an additional 66,198 shares in the last quarter. Vanguard Group Inc. bought a new position in Mesa Air Group during the 3rd quarter worth about $3,198,000. FMR LLC increased its holdings in Mesa Air Group by 88.5% during the 4th quarter. FMR LLC now owns 322,300 shares of the company’s stock worth $2,485,000 after purchasing an additional 151,300 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in Mesa Air Group during the 4th quarter worth about $92,000. 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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