Susquehanna Issues Pessimistic Forecast for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC) had its target price dropped by equities research analysts at Susquehanna from $9.00 to $3.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential downside of 9.09% from the stock’s current price.

A number of other analysts also recently commented on the company. Bank of America dropped their price objective on Frontier Group from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Citigroup reissued a “neutral” rating and issued a $7.25 price target on shares of Frontier Group in a report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $12.00 to $8.00 in a research note on Tuesday, March 4th. Morgan Stanley increased their target price on shares of Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. 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 report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Frontier Group currently has an average rating of “Hold” and a consensus price target of $6.47.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $3.30 on Monday. The stock has a market cap of $749.92 million, a P/E ratio of 9.17 and a beta of 2.52. The firm’s 50-day simple moving average is $6.70 and its 200 day simple moving average is $6.62. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $10.26. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Friday, February 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. Equities analysts expect that Frontier Group will post 0.91 EPS for the current year.

Insider Buying and Selling

In related news, SVP Alexandre Clerc sold 15,152 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the transaction, the senior vice president now directly owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. The trade was a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Barry Biffle sold 160,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $8.38, for a total transaction of $1,340,800.00. Following the completion of the sale, the chief executive officer now owns 864,817 shares of the company’s stock, valued at approximately $7,247,166.46. The trade was a 15.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 535,982 shares of company stock valued at $4,515,647. Corporate insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ULCC. R Squared Ltd bought a new stake in shares of Frontier Group in the 4th quarter valued at approximately $32,000. KLP Kapitalforvaltning AS bought a new stake in Frontier Group in the fourth quarter worth approximately $50,000. Nisa Investment Advisors LLC increased its stake in shares of Frontier Group by 1,230.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock worth $57,000 after purchasing an additional 7,380 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Frontier Group by 251.0% during 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 in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of Frontier Group in the 3rd quarter valued at $71,000.

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.