Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $6.13 Consensus Price Target from Brokerages

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has received an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $6.1250.

A number of research analysts recently issued reports on ULCC shares. Susquehanna boosted their price target on Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Frontier Group in a research report on Wednesday, October 8th. UBS Group lifted their price objective on Frontier Group from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Friday, September 26th. Seaport Res Ptn raised Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd.

Institutional Trading of Frontier Group

Several large investors have recently bought and sold shares of the company. U S Global Investors Inc. boosted its position in Frontier Group by 59.2% during the 2nd quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock valued at $22,524,000 after acquiring an additional 2,306,248 shares in the last quarter. Par Capital Management Inc. boosted its position in shares of Frontier Group by 1.2% in the 2nd quarter. Par Capital Management Inc. now owns 2,181,100 shares of the company’s stock worth $7,917,000 after purchasing an additional 25,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Frontier Group by 24.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company’s stock worth $7,481,000 after purchasing an additional 410,392 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $5,387,000. Finally, Jump Financial LLC bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $4,190,000.

Frontier Group Stock Down 4.1%

Shares of NASDAQ:ULCC opened at $3.70 on Friday. Frontier Group has a 1 year low of $2.89 and a 1 year high of $10.26. The company has a market cap of $844.16 million, a PE ratio of -23.13 and a beta of 2.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.36. The stock’s 50-day moving average is $4.67 and its 200 day moving average is $4.16.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The business had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $951.92 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Sell-side analysts anticipate that Frontier Group will post 0.91 EPS 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.