Frontier Group (NASDAQ:ULCC) Price Target Raised to $4.90

Frontier Group (NASDAQ:ULCC) had its price target upped by research analysts at Citigroup from $3.50 to $4.90 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 19.37% from the stock’s previous close.

Several other brokerages also recently weighed in on ULCC. Bank of America reaffirmed an “underperform” rating and set a $4.00 target price (down from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. Barclays reaffirmed an “underweight” rating and set a $4.00 target price (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Susquehanna upped their target price on shares of Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. UBS Group cut their target price on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Finally, Wall Street Zen raised shares of Frontier Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $5.13.

Frontier Group Stock Up 2.6%

ULCC traded up $0.11 during trading hours on Monday, hitting $4.11. 7,529,840 shares of the company’s stock were exchanged, compared to its average volume of 4,727,563. Frontier Group has a 12-month low of $3.02 and a 12-month high of $6.66. The firm has a 50 day moving average of $3.84 and a 200 day moving average of $4.43. The firm has a market cap of $943.04 million, a P/E ratio of -6.71 and a beta of 2.41. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.73.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.13. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. The firm had revenue of $997.00 million for the quarter, compared to the consensus estimate of $971.35 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. Analysts predict that Frontier Group will post -1.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the transaction, the senior vice president owned 94,926 shares in the company, valued at $569,556. The trade was a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 48.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. U S Global Investors Inc. grew its holdings in Frontier Group by 63.9% during the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock worth $23,938,000 after acquiring an additional 2,643,448 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Frontier Group in the 1st quarter valued at $368,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Frontier Group in the 1st quarter valued at $60,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Frontier Group by 237.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,463 shares of the company’s stock valued at $96,000 after buying an additional 14,396 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Frontier Group by 29.4% in the 4th quarter. Invesco Ltd. now owns 251,047 shares of the company’s stock valued at $1,182,000 after buying an additional 57,055 shares in the last quarter.

Frontier Group Company Profile

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.