Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $7.51 Consensus Price Target from Brokerages

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.78.

ULCC has been the topic of several recent research reports. UBS Group initiated coverage on shares of Frontier Group in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $8.00 target price on the stock. TD Cowen raised their target price on shares of Frontier Group from $5.00 to $12.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 target price (down previously from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. Raymond James reduced their target price on shares of Frontier Group from $9.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. Finally, Barclays lifted their price objective on shares of Frontier Group from $7.00 to $9.00 and gave the stock an “overweight” rating in a research note on Friday.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, CEO Barry Biffle sold 14,500 shares of Frontier Group stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7.21, for a total value of $104,545.00. Following the transaction, the chief executive officer now owns 63,949 shares of the company’s stock, valued at $461,072.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 83.20% of the company’s stock.

Institutional Trading of Frontier Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ULCC. Qube Research & Technologies Ltd acquired a new stake in shares of Frontier Group in the third quarter valued at approximately $25,000. Signaturefd LLC bought a new position in Frontier Group during the third quarter worth $28,000. PNC Financial Services Group Inc. boosted its position in Frontier Group by 632.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,768 shares of the company’s stock worth $28,000 after purchasing an additional 4,980 shares during the period. CWM LLC boosted its position in Frontier Group by 1,705.7% during the third quarter. CWM LLC now owns 6,627 shares of the company’s stock worth $32,000 after purchasing an additional 6,260 shares during the period. Finally, Royal Bank of Canada boosted its position in Frontier Group by 45.7% during the third quarter. Royal Bank of Canada now owns 3,387 shares of the company’s stock worth $32,000 after purchasing an additional 1,062 shares during the period.

Frontier Group Trading Down 0.6 %

ULCC opened at $7.13 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.59 billion, a PE ratio of -118.83 and a beta of 2.57. Frontier Group has a 1-year low of $3.19 and a 1-year high of $10.57. The firm has a 50-day moving average price of $7.15 and a two-hundred day moving average price of $5.46.

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.