UBS Group Has Lowered Expectations for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC) had its price target cut by equities researchers at UBS Group from $7.00 to $4.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 21.21% from the company’s previous close.

ULCC has been the subject of several other reports. Bank of America decreased 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, April 3rd. Morgan Stanley upped their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Citigroup reissued a “neutral” rating and set a $7.25 target price on shares of Frontier Group in a research report on Thursday, March 20th. Susquehanna reduced their price target on Frontier Group from $9.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Barclays increased their price objective on Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Frontier Group currently has an average rating of “Hold” and an average target price of $6.47.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $3.30 on Monday. The firm has a market cap of $749.92 million, a price-to-earnings ratio of 9.17 and a beta of 2.52. Frontier Group has a 1 year low of $2.79 and a 1 year high of $10.26. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $6.70 and a 200 day simple moving average of $6.62.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. As a group, sell-side analysts predict that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of the sale, the executive vice president now directly owns 175,886 shares of the company’s stock, valued at $1,542,520.22. This represents a 33.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alexandre Clerc sold 15,152 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $6.63, for a total transaction of $100,457.76. Following the transaction, the senior vice president now owns 23,912 shares in the company, valued at approximately $158,536.56. The trade was a 38.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 535,982 shares of company stock worth $4,515,647. Company insiders own 81.50% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Frontier Group during the 3rd quarter worth approximately $72,000. Charles Schwab Investment Management Inc. boosted its holdings in Frontier Group by 81.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock valued at $3,205,000 after purchasing an additional 269,221 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Frontier Group by 251.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock valued at $64,000 after purchasing an additional 8,507 shares during the period. IHT Wealth Management LLC acquired a new position in shares of Frontier Group in the 3rd quarter worth approximately $71,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Frontier Group during the 3rd quarter worth approximately $188,000.

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.