Mesa Air Group (NASDAQ:MESA) has been given a $10.00 target price by investment analysts at Stifel Nicolaus in a research note issued on Monday, TipRanks reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 61.81% from the company’s current price.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Cowen reissued an “outperform” rating and set a $9.00 price objective (down from $12.00) on shares of Mesa Air Group in a research report on Monday. Finally, B. Riley initiated coverage on Mesa Air Group in a research report on Friday, July 12th. They set a “buy” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. Mesa Air Group has a consensus rating of “Buy” and an average price target of $13.86.

NASDAQ:MESA traded up $0.04 on Monday, reaching $6.18. 19,460 shares of the company’s stock were exchanged, compared to its average volume of 254,840. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 1.70. The stock has a market cap of $171.60 million and a price-to-earnings ratio of 5.03. The business has a fifty day simple moving average of $9.43. Mesa Air Group has a 52-week low of $5.35 and a 52-week high of $16.41.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.25). The business had revenue of $180.22 million for the quarter, compared to analysts’ expectations of $182.91 million. Mesa Air Group had a return on equity of 16.52% and a net margin of 7.68%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. As a group, research analysts anticipate that Mesa Air Group will post 2.15 EPS for the current year.

Several institutional investors have recently made changes to their positions in MESA. BlackRock Inc. grew its position in shares of Mesa Air Group by 9.3% during the fourth quarter. BlackRock Inc. now owns 730,969 shares of the company’s stock worth $5,636,000 after buying an additional 62,402 shares in the last quarter. Northern Trust Corp grew its position in shares of Mesa Air Group by 4.6% during the fourth quarter. Northern Trust Corp now owns 118,776 shares of the company’s stock worth $915,000 after buying an additional 5,186 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Mesa Air Group by 35.0% during the fourth quarter. Geode Capital Management LLC now owns 102,440 shares of the company’s stock worth $789,000 after buying an additional 26,573 shares in the last quarter. FMR LLC grew its position in shares of Mesa Air Group by 88.5% during the fourth quarter. FMR LLC now owns 322,300 shares of the company’s stock worth $2,485,000 after buying an additional 151,300 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Mesa Air Group by 14.3% during the first quarter. Rhumbline Advisers now owns 13,667 shares of the company’s stock worth $114,000 after buying an additional 1,707 shares in the last quarter. 67.34% of the stock is owned by institutional investors and hedge funds.

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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