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

Frontier Group (NASDAQ:ULCC) had its target price upped by Citigroup from $4.70 to $7.15 in a report released on Tuesday morning, MarketBeat reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Barclays lowered their price objective on Frontier Group from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Finally, TD Cowen raised their price target on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.02.

Frontier Group Stock Up 0.7 %

Frontier Group stock opened at $7.03 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.58 billion, a P/E ratio of -24.24 and a beta of 2.55. The business has a fifty day moving average of $4.81 and a two-hundred day moving average of $5.00. Frontier Group has a twelve month low of $2.79 and a twelve month high of $8.33.

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

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were 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 directly owns 34,035 shares of the company’s stock, valued at approximately $204,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 81.50% of the stock is owned by insiders.

Institutional Trading of Frontier Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. AlTi Global Inc. purchased a new stake in Frontier Group in the second quarter valued at $21,222,000. U S Global Investors Inc. boosted its stake in shares of Frontier Group by 71.4% in the third quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock worth $40,473,000 after buying an additional 3,150,768 shares during the last quarter. Boston Partners boosted its stake in shares of Frontier Group by 176.6% in the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock worth $8,518,000 after buying an additional 672,471 shares during the last quarter. Jade Capital Advisors LLC grew its holdings in Frontier Group by 624.3% during the third quarter. Jade Capital Advisors LLC now owns 249,436 shares of the company’s stock worth $1,334,000 after acquiring an additional 215,000 shares during the period. Finally, Marshall Wace LLP purchased a new position in Frontier Group during the second quarter valued at approximately $1,011,000.

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.