Mesa Air Group Inc (MESA) Receives a Buy from Cowen & Co.


In a report issued on December 4, Helane Becker from Cowen & Co. maintained a Buy rating on Mesa Air Group Inc (MESA), with a price target of $16. The company’s shares closed on Friday at $11.89.

According to TipRanks.com, Becker is a top 25 analyst with an average return of 20.3% and a 72.1% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and WestJet Airlines Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mesa Air Group Inc with a $18 average price target.

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Based on Mesa Air Group Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $19.4 million. In comparison, last year the company had a net profit of $5.48 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

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Mesa Air Group, Inc. operates as a holding company, which engages in the provision of regional air carrier and passenger transportation services. Its fleet includes American Eagle and United Express flights. The company was founded in 1982 and is headquartered in Phoenix, AZ

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