Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $7.58 Consensus Price Target from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.58.

ULCC has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Citigroup reaffirmed a “neutral” rating and issued a $7.25 target price on shares of Frontier Group in a research report on Thursday. Susquehanna raised their target price on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Barclays raised their target price on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th.

Insider Buying and Selling

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the sale, the senior vice president now directly owns 47,590 shares in the company, valued at approximately $336,461.30. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the sale, the senior vice president now owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. This represents a 38.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 700,982 shares of company stock worth $5,811,797 in the last three months. 81.50% of the stock is owned by corporate insiders.

Institutional Trading of Frontier Group

Institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new stake in Frontier Group during the 4th quarter valued at about $32,000. KLP Kapitalforvaltning AS bought a new stake in shares of Frontier Group in the fourth quarter worth approximately $50,000. Victory Capital Management Inc. bought a new stake in shares of Frontier Group in the third quarter worth approximately $54,000. Nisa Investment Advisors LLC grew its stake in shares of Frontier Group by 1,230.0% in the fourth 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after acquiring an additional 8,507 shares during the period.

Frontier Group Trading Down 0.9 %

Shares of ULCC opened at $5.47 on Friday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 15.19 and a beta of 2.37. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $6.62. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. On average, research analysts anticipate that Frontier Group will post 0.91 EPS for the current year.

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.