Frontier Group (NASDAQ:ULCC) Stock Price Expected to Rise, Barclays Analyst Says

Frontier Group (NASDAQ:ULCC) had its price objective increased by analysts at Barclays from $6.00 to $7.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 15.13% from the stock’s current price.

Several other brokerages have also recently weighed in on ULCC. Citigroup upped their price target on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. 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 note on Friday, August 9th. Evercore ISI upped their price target on Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. cut Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Finally, TD Cowen upped their price target on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.12.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $6.08 on Wednesday. The business has a 50 day moving average of $5.05 and a 200 day moving average of $4.99. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -152.00 and a beta of 2.55. Frontier Group has a 1-year low of $2.79 and a 1-year high of $8.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data 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). Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Frontier Group will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In other news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at approximately $204,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 81.50% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new position in shares of Frontier Group during the second quarter valued at $45,000. nVerses Capital LLC lifted its holdings in Frontier Group by 152.5% in the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock valued at $50,000 after acquiring an additional 6,100 shares during the period. Ballentine Partners LLC bought a new position in Frontier Group in the third quarter valued at about $55,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Frontier Group in the second quarter worth about $58,000. Finally, US Bancorp DE raised its stake in shares of Frontier Group by 930.3% in the third quarter. US Bancorp DE now owns 15,083 shares of the company’s stock worth $81,000 after buying an additional 13,619 shares during the period.

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.