Frontier Group (NASDAQ:ULCC) Price Target Raised to $14.00

Frontier Group (NASDAQ:ULCC - Get Free Report) had its price objective boosted by stock analysts at Barclays from $10.00 to $14.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 64.32% from the company's previous close.

A number of other equities analysts have also commented on the company. Susquehanna lifted their price objective on Frontier Group from $6.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Morgan Stanley lowered their target price on Frontier Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. UBS Group lifted their target price on Frontier Group from $6.00 to $8.50 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Citigroup lifted their target price on Frontier Group from $4.70 to $7.15 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Frontier Group currently has an average rating of "Hold" and an average price target of $7.41.

Frontier Group Trading Down 7.9 %

Shares of ULCC stock traded down $0.73 during mid-day trading on Monday, reaching $8.52. 4,323,666 shares of the stock traded hands, compared to its average volume of 2,890,872. The stock's fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $5.93. The company has a quick ratio of 0.48, a current ratio of 0.53 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 -212.95 and a beta of 2.35. Frontier Group has a 1-year low of $2.79 and a 1-year high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.20. On average, research analysts anticipate that Frontier Group will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Josh T. Connor sold 30,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total transaction of $172,200.00. Following the transaction, the director now owns 326,550 shares of the company's stock, valued at $1,874,397. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barry Biffle sold 273,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $8.44, for a total value of $2,304,120.00. Following the transaction, the chief executive officer now directly owns 816,817 shares in the company, valued at $6,893,935.48. This represents a 25.05 % 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 over the last quarter. 81.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Frontier Group

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in Frontier Group during the 4th quarter worth about $32,000. KLP Kapitalforvaltning AS bought a new position in Frontier Group in the 4th quarter worth about $50,000. Victory Capital Management Inc. bought a new position in Frontier Group in the 3rd quarter worth about $54,000. Ballentine Partners LLC bought a new position in Frontier Group in the 3rd quarter worth about $55,000. Finally, Nisa Investment Advisors LLC increased its stake 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 worth $57,000 after acquiring an additional 7,380 shares during 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.