Zacks: Analysts Set $17.80 Target Price for Mesa Air Group Inc (MESA)

Mesa Air Group Inc (NASDAQ:MESA) has earned a consensus broker rating score of 1.00 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. Five investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price target of $17.80 for the company and are forecasting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also given Mesa Air Group an industry rank of 238 out of 255 based on the ratings given to its competitors.

Several research analysts have weighed in on the company. Imperial Capital assumed coverage on Mesa Air Group in a research report on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. Stifel Nicolaus assumed coverage on Mesa Air Group in a research report on Tuesday, September 4th. They issued a “buy” rating and a $15.00 target price on the stock. Bank of America assumed coverage on Mesa Air Group in a research report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price on the stock. Raymond James assumed coverage on Mesa Air Group in a research report on Tuesday, September 4th. They issued a “strong-buy” rating and a $20.00 target price on the stock. Finally, Cowen assumed coverage on Mesa Air Group in a research report on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 target price on the stock.

In other news, CEO Jonathan G. Ornstein sold 277,388 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this link. Also, insider Michael Lotz sold 140,807 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $11.16, for a total value of $1,571,406.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 479,701 shares of company stock worth $5,353,463.

Shares of MESA stock opened at $13.86 on Friday. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.43 and a current ratio of 0.50. Mesa Air Group has a fifty-two week low of $11.05 and a fifty-two week high of $16.41.

Mesa Air Group (NASDAQ:MESA) last issued its earnings results on Monday, August 27th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $171.74 million during the quarter. Research analysts anticipate that Mesa Air Group will post 1.15 earnings per share for the current fiscal year.

Mesa Air Group Company Profile

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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