Frontier Group (NASDAQ:ULCC) Given New $6.00 Price Target at Susquehanna

Frontier Group (NASDAQ:ULCC) had its price objective boosted by Susquehanna from $5.00 to $6.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also issued reports on ULCC. Barclays upped their target price on Frontier Group from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Raymond James upgraded shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. 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 report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. cut Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Frontier Group presently has a consensus rating of “Hold” and an average target price of $6.22.

Frontier Group Price Performance

ULCC opened at $6.46 on Monday. Frontier Group has a twelve month low of $2.79 and a twelve month high of $8.33. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -161.46 and a beta of 2.51. The company has a fifty day simple moving average of $5.19 and a 200 day simple moving average of $4.94.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. During the same period in the previous year, the company earned ($0.14) EPS. Frontier Group’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Frontier Group will post 0.06 EPS for the current fiscal year.

Insider Transactions at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the business’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 transaction of $60,000.00. Following the completion of the transaction, the senior vice president now owns 34,035 shares in the company, valued at $204,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 81.50% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

Hedge funds have recently added to or reduced their stakes in the stock. Norden Group LLC acquired a new stake in shares of Frontier Group in the 1st quarter worth about $293,000. Capstone Investment Advisors LLC bought a new position in Frontier Group in the 1st quarter worth about $350,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Frontier Group in the first quarter valued at approximately $494,000. Russell Investments Group Ltd. raised its holdings in shares of Frontier Group by 11.0% during the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock valued at $8,956,000 after buying an additional 109,418 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Frontier Group by 23.3% during the first quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock worth $204,000 after buying an additional 4,756 shares during the period.

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.