Several brokerages have updated their recommendations and price targets on shares of Frontier Group (NASDAQ: ULCC) in the last few weeks:
- 9/30/2024 – Frontier Group was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating.
- 9/16/2024 – Frontier Group had its price target raised by analysts at Citigroup Inc. from $3.50 to $4.70. They now have a “neutral” rating on the stock.
- 9/16/2024 – Frontier Group had its price target raised by analysts at TD Cowen from $3.00 to $4.00. They now have a “hold” rating on the stock.
- 9/13/2024 – Frontier Group had its price target lowered by analysts at Bank of America Co. from $5.50 to $5.00. They now have a “neutral” rating on the stock.
- 8/16/2024 – Frontier Group had its price target lowered by analysts at Susquehanna from $4.50 to $3.00. They now have a “neutral” rating on the stock.
- 8/12/2024 – Frontier Group had its price target lowered by analysts at Barclays PLC from $7.00 to $6.00. They now have an “overweight” rating on the stock.
- 8/9/2024 – Frontier Group had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $5.00 to $4.00. They now have a “hold” rating on the stock.
Frontier Group Stock Down 1.3 %
Shares of NASDAQ ULCC opened at $5.28 on Wednesday. The stock has a market cap of $1.19 billion, a P/E ratio of -44.00 and a beta of 2.49. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.33. The business’s fifty day simple moving average is $3.83 and its 200-day simple moving average is $5.13.
Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $973.00 million for 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%. Frontier Group’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, equities analysts predict that Frontier Group Holdings, Inc. will post -0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On 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.
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