Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $7.58 Consensus Target Price from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One 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 company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.58.

Several research analysts have recently commented on ULCC shares. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $12.00 to $8.00 in a research report on Tuesday, March 4th. UBS Group reduced their target price on shares of Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Barclays raised their price target on shares of Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Susquehanna boosted their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Citigroup restated a “neutral” rating and issued a $7.25 target price on shares of Frontier Group in a research note on Thursday, March 20th.

Frontier Group Stock Down 5.8 %

Shares of Frontier Group stock opened at $5.34 on Friday. Frontier Group has a 1 year low of $2.79 and a 1 year high of $10.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 14.83 and a beta of 2.37. The firm’s 50-day moving average is $7.62 and its two-hundred day moving average is $6.64.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. As a group, research analysts expect that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Group

In related news, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the sale, the senior vice president now owns 23,912 shares of the company’s stock, valued at $158,536.56. The trade was a 38.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the sale, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 700,982 shares of company stock worth $5,811,797. 81.50% of the stock is owned by corporate insiders.

Institutional Trading of Frontier Group

Several institutional investors and hedge funds have recently bought and sold shares of ULCC. Geode Capital Management LLC lifted its holdings in shares of Frontier Group by 38.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock valued at $8,512,000 after buying an additional 441,001 shares during the period. Algert Global LLC lifted its holdings in Frontier Group by 80.2% in the third quarter. Algert Global LLC now owns 451,508 shares of the company’s stock valued at $2,416,000 after acquiring an additional 200,885 shares during the period. Victory Capital Management Inc. purchased a new stake in Frontier Group in the 3rd quarter worth approximately $54,000. Barclays PLC boosted its position in Frontier Group by 378.6% in the 3rd quarter. Barclays PLC now owns 72,866 shares of the company’s stock worth $389,000 after purchasing an additional 57,642 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Frontier Group by 1,230.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock worth $57,000 after purchasing an additional 7,380 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.