UBS Group Has Lowered Expectations for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC - Get Free Report) had its price objective reduced by equities researchers at UBS Group from $10.00 to $7.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 23.46% from the stock's current price.

A number of other equities analysts have also commented on the company. Morgan Stanley raised their price target on Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Susquehanna lifted their target price on Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Barclays boosted their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Citigroup reiterated a "neutral" rating and issued a $7.25 target price on shares of Frontier Group in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Frontier Group has a consensus 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 company traded hands, compared to its average volume of 2,215,036. 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 firm has a market capitalization of $1.29 billion, a PE ratio of 15.75 and a beta of 2.37. The company has a 50 day moving average of $7.68 and a 200 day moving average of $6.63. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. Equities analysts forecast that Frontier Group will post 0.91 earnings per share for the current year.

Insiders Place Their Bets

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of Frontier Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the completion of the sale, the executive vice president now owns 175,886 shares of the company's stock, valued at $1,542,520.22. The trade was a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the transaction, the senior vice president now owns 23,912 shares in the company, valued at $158,536.56. This trade represents a 38.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 700,982 shares of company stock valued at $5,811,797 in the last quarter. Corporate insiders own 81.50% of the company's stock.

Institutional Trading of Frontier Group

A number of hedge funds have recently bought and sold shares of the company. Voloridge Investment Management LLC lifted its stake in shares of Frontier Group by 835.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after acquiring an additional 1,520,094 shares during the last quarter. Highland Peak Capital LLC purchased a new position in Frontier Group during the fourth quarter valued at $6,492,000. Two Sigma Investments LP boosted its stake in Frontier Group by 488.9% during the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock worth $6,971,000 after acquiring an additional 813,929 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in Frontier Group in the fourth quarter worth about $4,977,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Frontier Group by 247.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company's stock worth $6,585,000 after purchasing an additional 659,811 shares in the last quarter.

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.