Mesa Air Group Inc (NASDAQ:MESA) shot up 6.6% on Wednesday . The company traded as high as $8.23 and last traded at $8.62, 18,085 shares were traded during mid-day trading. A decline of 90% from the average session volume of 182,649 shares. The stock had previously closed at $8.09.
Several analysts recently issued reports on MESA shares. Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th. Cowen reaffirmed an “outperform” rating and set a $9.00 target price (down from $12.00) on shares of Mesa Air Group in a research note on Monday, August 12th. ValuEngine upgraded Mesa Air Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus set a $10.00 target price on Mesa Air Group and gave the stock a “buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $12.83.
The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.56 and a current ratio of 0.64. The stock’s fifty day moving average is $7.33 and its 200 day moving average is $8.13. The stock has a market cap of $272.01 million, a P/E ratio of 6.89, a P/E/G ratio of 0.19 and a beta of 1.68.
About Mesa Air Group (NASDAQ:MESA)
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.
See Also: Cost of Equity For A Business, Investors
Receive News & Ratings for Mesa Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Air Group and related companies with MarketBeat.com's FREE daily email newsletter.