Brokerages Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) Price Target at $6.52

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.52.

Several equities analysts recently issued reports on the company. TD Cowen upped their price target on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a report on Monday, September 16th. Raymond James upgraded Frontier Group from an “underperform” rating to a “market perform” rating in a research note on Monday, September 30th. Bank of America reduced their target price on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, Citigroup raised their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Frontier Group Stock Performance

Shares of NASDAQ ULCC opened at $5.55 on Friday. Frontier Group has a 12 month low of $2.79 and a 12 month high of $8.33. The company has a market cap of $1.25 billion, a P/E ratio of -138.72 and a beta of 2.51. The business’s 50 day moving average is $5.70 and its two-hundred day moving average is $4.95. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts expect that Frontier Group will post 0.04 EPS for the current year.

Insider Buying and Selling at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now owns 34,035 shares in the company, valued at $204,210. This represents a 22.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

Several hedge funds have recently modified their holdings of ULCC. Blue Trust Inc. bought a new position in Frontier Group in the second quarter valued at about $45,000. nVerses Capital LLC grew its position in shares of Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after buying an additional 6,100 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Frontier Group during the third quarter worth approximately $54,000. Ballentine Partners LLC acquired a new position in Frontier Group in the third quarter valued at approximately $55,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Frontier Group during the 2nd quarter valued at $58,000.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.