Mesa Air Group Inc (NASDAQ:MESA)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $10.00 and last traded at $10.18, with a volume of 3678 shares traded. The stock had previously closed at $11.88.

Several research firms have recently commented on MESA. Imperial Capital began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. Cowen began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 target price on the stock. Bank of America began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price on the stock. Stifel Nicolaus began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Raymond James began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “strong-buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.40.

The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 3.56. The firm has a market capitalization of $266.15 million and a P/E ratio of 8.32.

Mesa Air Group (NASDAQ:MESA) last released its earnings results on Monday, December 3rd. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The company had revenue of $177.53 million during the quarter, compared to analysts’ expectations of $180.96 million. Mesa Air Group’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that Mesa Air Group Inc will post 2.25 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in MESA. Axar Capital Management L.P. purchased a new position in shares of Mesa Air Group in the third quarter worth $23,686,000. Frontier Capital Management Co. LLC purchased a new stake in Mesa Air Group during the third quarter valued at $18,935,000. Bank of New York Mellon Corp purchased a new stake in Mesa Air Group during the third quarter valued at $15,679,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Mesa Air Group during the third quarter valued at $13,431,000. Finally, JPMorgan Chase & Co. purchased a new stake in Mesa Air Group during the third quarter valued at $12,189,000. 69.92% of the stock is currently owned by hedge funds and other institutional investors.

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About Mesa Air Group (NASDAQ:MESA)

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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