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

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

Several research analysts have commented on the company. Susquehanna lifted their price target on Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Bank of America cut their price target on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. TD Cowen boosted their target price on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Citigroup boosted their target price on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Insiders Place Their Bets

In other news, SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. The trade was a 22.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 81.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Frontier Group

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in Frontier Group during the second quarter worth about $45,000. nVerses Capital LLC boosted its position in shares of Frontier Group by 152.5% in the second 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. purchased a new stake in shares of Frontier Group in the third quarter worth about $54,000. Ballentine Partners LLC purchased a new stake in shares of Frontier Group in the third quarter worth about $55,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontier Group in the second quarter worth about $58,000.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $6.80 on Friday. Frontier Group has a 52 week low of $2.79 and a 52 week high of $8.33. The business’s fifty day simple moving average is $5.67 and its 200-day simple moving average is $4.97. The firm has a market cap of $1.53 billion, a PE ratio of -170.00 and a beta of 2.51. 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 posted its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $943.30 million. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. Equities analysts forecast that Frontier Group will post 0.04 earnings per share for the current year.

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.