Mesa Air Group Inc’s (MESA) Quiet Period To Expire on September 19th

Mesa Air Group’s (NASDAQ:MESA) quiet period is set to expire on Wednesday, September 19th. Mesa Air Group had issued 10,700,000 shares in its public offering on August 10th. The total size of the offering was $149,800,000 based on an initial share price of $14.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Several equities analysts recently weighed in on MESA shares. Cowen started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 price objective on the stock. Raymond James started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “strong-buy” rating and a $20.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $15.00 price objective on the stock. Imperial Capital started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Bank of America started coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 price objective on the stock. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.80.

Shares of NASDAQ:MESA opened at $15.29 on Wednesday. Mesa Air Group has a 52 week low of $11.05 and a 52 week high of $16.41.

Mesa Air Group Company Profile

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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