Frontier Group's (ULCC) "Neutral" Rating Reaffirmed at Citigroup

Frontier Group (NASDAQ:ULCC - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at Citigroup in a research note issued to investors on Thursday, MarketBeat.com reports. They presently have a $7.25 price objective on the stock. Citigroup's target price would indicate a potential upside of 27.87% from the stock's current price.

Several other research firms have also commented on ULCC. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Susquehanna raised 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. UBS Group boosted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Morgan Stanley raised their price target on shares of Frontier Group from $7.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Finally, Barclays upped their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Frontier Group presently has an average rating of "Hold" and a consensus target price of $7.58.

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Frontier Group Stock Performance

Shares of Frontier Group stock traded up $0.20 on Thursday, reaching $5.67. 2,501,437 shares of the stock were exchanged, compared to its average volume of 2,215,036. The business has a 50 day moving average price of $7.68 and a two-hundred day moving average price of $6.63. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.75 and a beta of 2.37. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.23 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%. Analysts anticipate that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Alexandre Clerc sold 15,152 shares of the business's stock in a transaction that occurred on 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 directly owns 23,912 shares in the company, valued at approximately $158,536.56. The trade was a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 47,590 shares in the company, valued at $336,461.30. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 700,982 shares of company stock worth $5,811,797 in the last 90 days. Insiders own 81.50% of the company's stock.

Institutional Trading of Frontier Group

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Frontier Group by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,442 shares of the company's stock worth $217,000 after purchasing an additional 2,296 shares during the last quarter. Rhumbline Advisers lifted its position in Frontier Group by 4.4% during the fourth quarter. Rhumbline Advisers now owns 55,354 shares of the company's stock worth $394,000 after buying an additional 2,334 shares in the last quarter. R Squared Ltd acquired a new position in Frontier Group during the fourth quarter worth $32,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Frontier Group by 8.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company's stock worth $536,000 after acquiring an additional 5,834 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Frontier Group during the 4th quarter worth $50,000.

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.