Citigroup Forecasts Strong Price Appreciation for Frontier Group (NASDAQ:ULCC) Stock

Frontier Group (NASDAQ:ULCC) had its target price increased by equities researchers at Citigroup from $4.90 to $5.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 5.26% from the stock’s current price.

ULCC has been the subject of a number of other reports. Barclays reiterated an “underweight” rating and set a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research report on Tuesday, February 10th. Wall Street Zen upgraded Frontier Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. UBS Group decreased their price target on Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Susquehanna raised their price objective on Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Frontier Group presently has an average rating of “Reduce” and a consensus price target of $5.07.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $4.75 on Thursday. The business has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $4.47. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -2.97 and a beta of 2.41. Frontier Group has a fifty-two week low of $3.02 and a fifty-two week high of $6.66. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. On average, analysts expect that Frontier Group will post -1.12 earnings per share for the current year.

Insider Activity

In other news, VP Trevor J. Stedke sold 83,110 shares of Frontier Group stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $5.41, for a total value of $449,625.10. Following the sale, the vice president directly owned 167,277 shares of the company’s stock, valued at $904,968.57. The trade was a 33.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 48.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULCC. SG Americas Securities LLC raised its holdings in shares of Frontier Group by 4.5% in the 4th quarter. SG Americas Securities LLC now owns 115,962 shares of the company’s stock valued at $546,000 after buying an additional 4,995 shares during the period. Straightline Group LLC boosted its position in shares of Frontier Group by 9.5% during the 4th quarter. Straightline Group LLC now owns 60,586 shares of the company’s stock worth $285,000 after acquiring an additional 5,232 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Frontier Group by 46.0% during the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after acquiring an additional 5,913 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontier Group in the 3rd quarter valued at about $27,000. Finally, Victory Capital Management Inc. boosted its position in shares of Frontier Group by 9.5% in the 3rd quarter. Victory Capital Management Inc. now owns 70,382 shares of the company’s stock valued at $311,000 after purchasing an additional 6,108 shares during the period.

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.