Frontier Group (NASDAQ:ULCC - Get Free Report) had its price objective raised by research analysts at Citigroup from $4.70 to $7.15 in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 6.40% from the stock's previous close.
ULCC has been the subject of a number of other research reports. Bank of America dropped their target price on shares of Frontier Group from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Friday, September 13th. Barclays dropped their price objective on shares of Frontier Group from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, August 12th. Susquehanna raised their target price on shares of Frontier Group from $3.00 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Raymond James upgraded Frontier Group from an "underperform" rating to a "market perform" rating in a research report on Monday, September 30th. Finally, TD Cowen lifted their price objective on Frontier Group from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.02.
Read Our Latest Research Report on ULCC
Frontier Group Price Performance
Shares of ULCC stock traded down $0.19 during trading hours on Tuesday, hitting $6.72. 1,269,332 shares of the company's stock were exchanged, compared to its average volume of 2,075,591. The firm has a 50 day moving average of $4.52 and a two-hundred day moving average of $4.98. 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 $1.50 billion, a P/E ratio of -56.00 and a beta of 2.55. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $973.00 million during the quarter, compared to analyst estimates of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. Frontier Group's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. Sell-side analysts forecast that Frontier Group will post 0.08 EPS for the current year.
Insider Buying and Selling at Frontier Group
In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 81.50% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Frontier Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in Frontier Group during the 2nd quarter worth about $45,000. nVerses Capital LLC grew its holdings in Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company's stock worth $50,000 after acquiring an additional 6,100 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontier Group in the 2nd quarter valued at approximately $58,000. Arizona State Retirement System raised its holdings in shares of Frontier Group by 29.0% in the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company's stock valued at $77,000 after purchasing an additional 3,521 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Frontier Group by 27.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company's stock valued at $98,000 after purchasing an additional 4,279 shares in the last quarter.
About Frontier Group
(
Get Free Report)
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.
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