In a report released yesterday, Savanthi Syth from Raymond James maintained a Buy rating on Mesa Air Group (MESA), with a price target of $14.00. The company’s shares closed last Monday at $11.70.
According to TipRanks.com, Syth is a 5-star analyst with an average return of 15.7% and a 58.3% success rate. Syth covers the Industrial Goods sector, focusing on stocks such as Allegiant Travel Company, United Airlines Holdings, and Southwest Airlines.
Currently, the analyst consensus on Mesa Air Group is a Moderate Buy with an average price target of $14.88.
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Mesa Air Group’s market cap is currently $416.1M and has a P/E ratio of 14.10. The company has a Price to Book ratio of 0.90.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MESA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mesa Air Group, Inc. operates as a holding company. The firm 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.
