Frontier Group (NASDAQ:ULCC) PT Raised to $7.15

Frontier Group (NASDAQ:ULCC) had its price target hoisted by analysts at Citigroup from $4.70 to $7.15 in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 4.38% from the stock’s current price.

A number of other research firms also recently issued reports on ULCC. Evercore ISI increased their price target on shares of Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. cut Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Raymond James upgraded Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Finally, Bank of America dropped their target price on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.02.

Frontier Group Trading Up 1.9 %

ULCC opened at $6.85 on Tuesday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -57.08 and a beta of 2.55. Frontier Group has a one year low of $2.79 and a one year high of $8.33. The business has a 50 day simple moving average of $4.59 and a two-hundred day simple moving average of $4.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $973.00 million during the quarter, compared to analyst estimates of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts predict that Frontier Group will post 0.08 EPS for the current year.

Insider Activity 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 shares were 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 approximately $204,210. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 81.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ballentine Partners LLC purchased a new stake in shares of Frontier Group during the third quarter valued at $55,000. U S Global Investors Inc. boosted its holdings in shares of Frontier Group by 71.4% during the 3rd quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock valued at $40,473,000 after acquiring an additional 3,150,768 shares during the last quarter. Jade Capital Advisors LLC raised its holdings in shares of Frontier Group by 624.3% during 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 last quarter. Blue Trust Inc. raised its holdings in shares of Frontier Group by 41.2% during the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after purchasing an additional 3,744 shares during the last quarter. Finally, Good Life Advisors LLC boosted its holdings in Frontier Group by 36.2% in the third quarter. Good Life Advisors LLC now owns 68,310 shares of the company’s stock worth $365,000 after purchasing an additional 18,155 shares during 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.