Stock analysts at B. Riley assumed coverage on shares of Mesa Air Group (NASDAQ:MESA) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $16.00 price target on the stock. B. Riley’s target price would suggest a potential upside of 61.94% from the stock’s current price.
MESA has been the topic of a number of other research reports. Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Mesa Air Group currently has a consensus rating of “Buy” and an average target price of $15.57.
Shares of MESA opened at $9.88 on Friday. The stock’s 50-day moving average is $9.76. The firm has a market capitalization of $284.41 million and a PE ratio of 5.28. 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 1.70, a quick ratio of 0.62 and a current ratio of 0.71.
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 Zacks’ consensus estimate of $0.50 by ($0.04). The company 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 17.46% and a net margin of 5.76%. As a group, analysts predict that Mesa Air Group will post 2.14 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of Mesa Air Group during the fourth quarter worth about $27,000. New York State Common Retirement Fund acquired a new position in shares of Mesa Air Group in the fourth quarter worth about $73,000. Rhumbline Advisers acquired a new position in shares of Mesa Air Group in the fourth quarter worth about $92,000. Hancock Whitney Corp acquired a new position in shares of Mesa Air Group in the fourth quarter worth about $108,000. Finally, Alambic Investment Management L.P. acquired a new position in shares of Mesa Air Group in the first quarter worth about $144,000. 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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