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

Frontier Group (NASDAQ:ULCC - Get Free Report) had its target price hoisted by research analysts at UBS Group from $6.00 to $8.50 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 2.16% from the company's current price.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley decreased their price target 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. Barclays upped their target price on shares of Frontier Group from $7.00 to $10.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. TD Cowen raised their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. Finally, Susquehanna lifted their target price on shares of Frontier Group from $5.00 to $6.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.96.

Frontier Group Stock Up 4.1 %

ULCC traded up $0.33 during trading on Tuesday, hitting $8.32. 3,172,422 shares of the company's stock were exchanged, compared to its average volume of 3,506,030. The stock has a market cap of $1.88 billion, a P/E ratio of -207.95 and a beta of 2.32. The business's 50 day moving average is $6.41 and its two-hundred day moving average is $5.16. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.41. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

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

Insider Transactions at Frontier Group

In other Frontier Group news, Director Josh T. Connor sold 30,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares in the company, valued at $1,874,397. This trade represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Barry Biffle sold 160,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the completion of the sale, the chief executive officer now directly owns 784,817 shares in the company, valued at approximately $5,399,540.96. This trade represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 355,000 shares of company stock worth $2,569,150 in the last quarter. Insiders own 81.50% of the company's stock.

Hedge Funds Weigh In On Frontier Group

Large investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC boosted its stake in Frontier Group by 9.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company's stock worth $1,910,000 after purchasing an additional 31,559 shares during the period. Virtu Financial LLC purchased a new stake in Frontier Group in the 3rd quarter worth approximately $145,000. Barclays PLC boosted its holdings in Frontier Group by 378.6% in the 3rd quarter. Barclays PLC now owns 72,866 shares of the company's stock valued at $389,000 after purchasing an additional 57,642 shares during the period. Geode Capital Management LLC grew its position in shares of Frontier Group by 38.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company's stock valued at $8,512,000 after purchasing an additional 441,001 shares in the last quarter. Finally, MCIA Inc increased its holdings in shares of Frontier Group by 11.2% in the third quarter. MCIA Inc now owns 163,992 shares of the company's stock worth $877,000 after purchasing an additional 16,577 shares during the period.

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.