Frontier Group Holdings, Inc. (NASDAQ:ULCC) Given Consensus Rating of “Hold” by Analysts

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.28.

Several equities research analysts recently issued reports on ULCC shares. Barclays lifted their price objective on shares of Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Raymond James lowered shares of Frontier Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Evercore ISI boosted their target price on shares of Frontier Group from $7.00 to $8.50 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. UBS Group started coverage on shares of Frontier Group in a research report on Wednesday, March 20th. They set a “neutral” rating and a $8.00 price objective for the company. Finally, TD Cowen cut their price objective on shares of Frontier Group from $8.00 to $6.50 and set a “hold” rating for the company in a research report on Friday, May 3rd.

Frontier Group Trading Down 1.7 %

Shares of NASDAQ:ULCC opened at $5.32 on Wednesday. The company has a 50 day moving average price of $5.96 and a 200 day moving average price of $6.14. Frontier Group has a 1-year low of $3.19 and a 1-year high of $10.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -44.33 and a beta of 2.56.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. The firm had revenue of $865.00 million during the quarter, compared to analyst estimates of $859.21 million. Frontier Group had a negative net margin of 0.67% and a positive return on equity of 3.62%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. On average, research analysts anticipate that Frontier Group will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontier Group

Several hedge funds have recently bought and sold shares of ULCC. PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 4,980 shares in the last quarter. Private Advisor Group LLC bought a new position in Frontier Group in the fourth quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Frontier Group by 200.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock valued at $64,000 after purchasing an additional 7,782 shares in the last quarter. Quadrant Capital Group LLC grew its position in Frontier Group by 91.0% in the fourth quarter. Quadrant Capital Group LLC now owns 16,936 shares of the company’s stock valued at $92,000 after purchasing an additional 8,067 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new position in Frontier Group in the fourth quarter valued at $111,000.

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.