Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $6.96 Average Price Target from Analysts

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) have been assigned an average rating of "Hold" from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.96.

Several brokerages recently commented on ULCC. Susquehanna increased their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Frontier Group from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. UBS Group lifted their price target on Frontier Group from $6.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, Citigroup upped their target price on Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd.

Frontier Group Stock Up 4.2 %

Shares of ULCC stock traded up $0.34 during trading hours on Thursday, reaching $8.53. 2,247,110 shares of the company's stock were exchanged, compared to its average volume of 2,380,781. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.85. The stock's 50 day moving average is $7.07 and its 200-day moving average is $5.57. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -213.20 and a beta of 2.32.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. During the same period in the previous year, the business posted ($0.14) EPS. The business's revenue was up 5.9% compared to the same quarter last year. Analysts predict that Frontier Group will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In other news, CEO Barry Biffle sold 273,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00. Following the completion of the sale, the chief executive officer now directly owns 816,817 shares in the company, valued at $6,893,935.48. The trade was a 25.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Josh T. Connor sold 30,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the transaction, the director now owns 326,550 shares in the company, valued at $1,874,397. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 788,000 shares of company stock worth $6,214,070 in the last three months. Company insiders own 81.50% of the company's stock.

Institutional Trading of Frontier Group

Several large investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Frontier Group during the fourth quarter worth $32,000. Victory Capital Management Inc. acquired a new position in Frontier Group during the third quarter worth about $54,000. Ballentine Partners LLC purchased a new stake in Frontier Group during the 3rd quarter valued at about $55,000. Nisa Investment Advisors LLC raised its holdings in Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock valued at $57,000 after acquiring an additional 7,380 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Frontier Group in the 2nd quarter worth approximately $58,000.

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.