Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has earned an average recommendation of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.52.
ULCC has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of Frontier Group from $4.00 to $5.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. Susquehanna lifted their target price on Frontier Group from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Bank of America reduced their target price on Frontier Group from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. cut Frontier Group from a "neutral" rating to an "underweight" rating in a research note on Tuesday, July 30th. Finally, Barclays upped their price target on shares of Frontier Group from $7.00 to $10.00 and gave the company an "overweight" rating in a research report on Thursday.
View Our Latest Research Report on Frontier Group
Insider Activity
In related news, SVP Steve Schuller sold 10,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 34,035 shares of the company's stock, valued at approximately $204,210. The trade was a 22.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 81.50% of the stock is currently owned by corporate insiders.
Institutional Trading of Frontier Group
A number of institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Frontier Group by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company's stock valued at $8,956,000 after purchasing an additional 109,418 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Frontier Group by 23.3% in the first quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company's stock worth $204,000 after buying an additional 4,756 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Frontier Group by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,116,430 shares of the company's stock worth $33,384,000 after acquiring an additional 60,943 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Frontier Group during the 1st quarter valued at about $345,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Frontier Group by 11.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company's stock valued at $211,000 after acquiring an additional 2,746 shares during the last quarter.
Frontier Group Price Performance
Shares of Frontier Group stock traded up $0.07 during trading on Friday, hitting $6.80. The stock had a trading volume of 1,679,261 shares, compared to its average volume of 2,095,814. The business has a fifty day moving average of $5.67 and a two-hundred day moving average of $4.96. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.33. The firm has a market cap of $1.53 billion, a P/E ratio of -170.00 and a beta of 2.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48.
Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $943.30 million. During the same period last year, the firm earned ($0.14) earnings per share. The company's revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Frontier Group will post 0.04 earnings per share for the current fiscal year.
About Frontier Group
(
Get Free ReportFrontier 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.
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