Frontier Group (NASDAQ:ULCC) Price Target Raised to $5.00 at Susquehanna

Frontier Group (NASDAQ:ULCC) had its price objective raised by equities research analysts at Susquehanna from $3.00 to $5.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential downside of 18.17% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Barclays decreased their price objective on shares of Frontier Group from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, August 12th. TD Cowen boosted their price objective on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Citigroup upped their price target on Frontier Group from $3.50 to $4.70 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America decreased their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.77.

Frontier Group Stock Up 4.8 %

Shares of Frontier Group stock traded up $0.28 during trading hours on Wednesday, hitting $6.11. 200,083 shares of the company’s stock traded hands, compared to its average volume of 2,064,878. The company has a market cap of $1.37 billion, a PE ratio of -50.91 and a beta of 2.55. Frontier Group has a twelve month low of $2.79 and a twelve month high of $8.33. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $5.07.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The company had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $0.31 EPS. Frontier Group’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Frontier Group will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

A number of institutional investors have recently made changes to their positions in the stock. Boston Partners lifted its position in Frontier Group by 176.6% in the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock worth $8,518,000 after purchasing an additional 672,471 shares during the period. AlTi Global Inc. bought a new stake in Frontier Group in the second quarter worth about $21,222,000. Bleakley Financial Group LLC boosted its position in shares of Frontier Group by 23.3% during the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock valued at $204,000 after purchasing an additional 4,756 shares in the last quarter. Norden Group LLC bought a new position in shares of Frontier Group during the 1st quarter valued at about $293,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Frontier Group by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after purchasing an additional 109,418 shares in the last quarter.

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.