Mesa Air Group (NASDAQ:MESA) Price target lowered to $3.00 at Deutsche Bank Aktiengesellschaft
Mesa Air Group (NASDAQ:MESA – Get Note) saw its target price lowered by stock analysts Deutsche Bank Aktiengesellschaft from $5.50 to $3.00 in a research report released Wednesday to clients and investors, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 11.94% from the company’s current price.
Several other stock analysts also commented on the company. Raymond James upgraded Mesa Air Group from an “outperforming” rating to a “market performing” rating in a Friday, Feb. 4, report. TheStreet downgraded shares of Mesa Air Group from a “c” rating to a “d+” rating in a Friday, February 11 report. One investment analyst rated the stock with a sell rating and three rated the stock with a hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.38.
Mesa Air Group shares opened at $2.68 on Wednesday. The company has a fifty-day moving average of $3.95 and a 200-day moving average of $5.38. Mesa Air Group has a 52-week low of $2.62 and a 52-week high of $11.57. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt ratio of 1.15. The company has a market capitalization of $96.38 million, a P/E ratio of -7.44 and a beta of 2.72.
Mesa Air Group (NASDAQ:MESA – Get Rating) last announced its quarterly results on Monday, May 9. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.02. The company posted revenue of $123.21 million in the quarter, versus a consensus estimate of $127.13 million. Mesa Air Group posted a positive return on equity of 0.39% and a negative net margin of 2.36%. The company’s quarterly revenue increased by 26.7% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.23. On average, research analysts expect Mesa Air Group to post -0.81 EPS for the current fiscal year.
Large investors have recently changed their stock holdings. Citigroup Inc. increased its stake in Mesa Air Group by 123.0% in the third quarter. Citigroup Inc. now owns 3,640 shares of the company valued at $28,000 after acquiring 2,008 additional shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Mesa Air Group by 708.3% during the third quarter. Advisor Group Holdings Inc. now owns 6,790 shares of the company valued at $52,000 after purchasing an additional 5,950 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in Mesa Air Group during Q3 worth approximately $73,000. BNP Paribas Arbitrage SA increased its stake in Mesa Air Group shares by 65.8% in the third quarter. BNP Paribas Arbitrage SA now owns 10,224 shares in the company valued at $78,000 after acquiring an additional 4,058 shares in the last quarter. Finally, Seaport Global Asset Management LLC bought a new position in Mesa Air Group during the third quarter at a value of $84,000. Institutional investors and hedge funds own 52.41% of the company’s shares.
About Mesa Air Group (Get a rating)
Mesa Air Group, Inc operates as a holding company for Mesa Airlines, Inc which provides regional airline services under capacity purchase agreements with American Airlines and United Airlines. It also engages in the leasing of aircraft to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, including 153 owned aircraft and 14 leased aircraft with approximately 507 daily departures to 129 cities in the United States and Mexico.
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