Frontier Group (NASDAQ:ULCC) Given New $5.00 Price Target at Citigroup

Frontier Group (NASDAQ:ULCC) had its price objective lifted by Citigroup from $4.90 to $5.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 3.35% from the company’s current price.

Several other brokerages have also recently issued reports on ULCC. Wall Street Zen raised Frontier Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Susquehanna lifted their price target on Frontier Group from $3.40 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Barclays restated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. UBS Group cut their target price on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $5.07.

Frontier Group Stock Up 2.5%

NASDAQ ULCC traded up $0.12 on Thursday, reaching $4.84. 3,745,145 shares of the stock traded hands, compared to its average volume of 4,917,008. Frontier Group has a 12 month low of $3.02 and a 12 month high of $6.66. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -3.03 and a beta of 2.41. The company has a fifty day moving average price of $3.87 and a 200-day moving average price of $4.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.07. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, research analysts forecast that Frontier Group will post -1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Frontier Group news, VP Trevor J. Stedke sold 83,110 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $5.41, for a total value of $449,625.10. Following the completion of the sale, the vice president directly owned 167,277 shares in the company, valued at $904,968.57. This represents a 33.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontier Group in the third quarter valued at about $27,000. Quarry LP purchased a new position in Frontier Group during the fourth quarter worth about $34,000. Atlas Wealth LLC acquired a new position in Frontier Group in the 1st quarter valued at about $33,000. Brooklyn Investment Group grew its stake in shares of Frontier Group by 490.7% in the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after buying an additional 9,078 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Frontier Group during the 3rd quarter worth approximately $49,000.

About Frontier Group

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.