Frontier Group (NASDAQ:ULCC) Stock Price Expected to Rise, Susquehanna Analyst Says

Frontier Group (NASDAQ:ULCC - Get Free Report) had its price objective lifted by equities researchers at Susquehanna from $5.00 to $6.00 in a report issued on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Susquehanna's price objective suggests a potential upside of 5.26% from the stock's current price.

ULCC has been the subject of a number of other reports. Raymond James raised shares of Frontier Group from an "underperform" rating to a "market perform" rating in a research report on Monday, September 30th. Evercore ISI boosted 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 note on Thursday, October 3rd. Bank of America lowered their target price on shares of Frontier Group from $5.50 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. downgraded shares of Frontier Group from a "neutral" rating to an "underweight" rating in a report on Tuesday, July 30th. Finally, TD Cowen upped their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a "hold" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Frontier Group currently has a consensus rating of "Hold" and a consensus price target of $6.22.

Frontier Group Price Performance

Shares of NASDAQ:ULCC traded down $0.27 during trading on Monday, reaching $5.70. 2,292,605 shares of the company's stock traded hands, compared to its average volume of 2,100,391. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.33. 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 firm has a market cap of $1.28 billion, a PE ratio of -142.50 and a beta of 2.50. The company has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $4.95.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million for the quarter, compared to analysts' expectations of $943.30 million. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts predict that Frontier Group will post 0.06 earnings per share for the current year.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the firm's 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 transaction, the senior vice president now owns 34,035 shares of the company's stock, valued at approximately $204,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 81.50% of the company's stock.

Hedge Funds Weigh In On Frontier Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in shares of Frontier Group in the 2nd quarter valued at about $45,000. nVerses Capital LLC boosted its position in Frontier Group by 152.5% during the second quarter. nVerses Capital LLC now owns 10,100 shares of the company's stock worth $50,000 after purchasing an additional 6,100 shares during the period. Ballentine Partners LLC bought a new stake in shares of Frontier Group in the third quarter valued at about $55,000. Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group in the second quarter valued at about $58,000. Finally, Arizona State Retirement System raised its stake in Frontier Group by 29.0% in the second 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.

About Frontier Group

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.