Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $5.77 Consensus Price Target from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.02.

Several research analysts have weighed in on the company. Evercore ISI increased their price objective on Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna raised their price target on shares of Frontier Group from $3.00 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Citigroup raised their target price on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday. Finally, TD Cowen lifted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th.

Frontier Group Stock Performance

ULCC opened at $6.98 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The business’s 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.99. The firm has a market capitalization of $1.57 billion, a PE ratio of -24.07 and a beta of 2.55. Frontier Group has a 52-week low of $2.79 and a 52-week high of $8.33.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The business had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.31 EPS. Frontier Group’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Frontier Group will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the transaction, the senior vice president now owns 34,035 shares in the company, valued at $204,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Institutional investors and hedge funds have recently bought and sold shares of the company. AlTi Global Inc. acquired a new position in Frontier Group in the 2nd quarter valued at approximately $21,222,000. U S Global Investors Inc. grew its stake in shares of Frontier Group by 71.4% in the third quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock worth $40,473,000 after purchasing an additional 3,150,768 shares during the last quarter. Boston Partners increased its holdings in Frontier Group by 176.6% in the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock valued at $8,518,000 after purchasing an additional 672,471 shares during the period. Jade Capital Advisors LLC increased its holdings in Frontier Group by 624.3% in the third quarter. Jade Capital Advisors LLC now owns 249,436 shares of the company’s stock valued at $1,334,000 after purchasing an additional 215,000 shares during the period. Finally, Marshall Wace LLP bought a new position in Frontier Group during the 2nd quarter worth $1,011,000.

Frontier Group Company Profile

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.