Barclays Issues Positive Forecast for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC - Free Report) had its target price raised by Barclays from $6.00 to $7.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently commented on ULCC. Citigroup upped their price target on shares of Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Bank of America decreased their target price on Frontier Group from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered Frontier Group from a "neutral" rating to an "underweight" rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Frontier Group from $5.00 to $4.00 and set a "hold" rating for the company in a research report on Friday, August 9th. Finally, Susquehanna boosted their target price on shares of Frontier Group from $3.00 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Frontier Group has an average rating of "Hold" and an average target price of $6.12.

Frontier Group Trading Up 0.4 %

Shares of ULCC traded up $0.03 during mid-day trading on Wednesday, reaching $6.25. 2,128,565 shares of the company were exchanged, compared to its average volume of 2,100,853. The business has a 50 day simple moving average of $4.99 and a two-hundred day simple moving average of $4.98. Frontier Group has a 52 week low of $2.79 and a 52 week high of $8.33. The stock has a market capitalization of $1.40 billion, a PE ratio of -156.13 and a beta of 2.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter last year, the firm posted ($0.14) EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Frontier Group will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president now owns 34,035 shares in the company, valued at $204,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 81.50% of the stock is currently owned by company insiders.

Institutional Trading of Frontier Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. AlTi Global Inc. purchased a new position in Frontier Group in the second quarter worth $21,222,000. U S Global Investors Inc. boosted its holdings in shares of Frontier Group by 71.4% in the 3rd quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company's stock worth $40,473,000 after buying an additional 3,150,768 shares during the last quarter. Boston Partners grew its position in Frontier Group by 176.6% during the first quarter. Boston Partners now owns 1,053,270 shares of the company's stock valued at $8,518,000 after buying an additional 672,471 shares during the period. Jade Capital Advisors LLC increased its holdings in Frontier Group by 624.3% during the third quarter. Jade Capital Advisors LLC now owns 249,436 shares of the company's stock worth $1,334,000 after buying an additional 215,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Frontier Group in the second quarter worth about $1,011,000.

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.