Deutsche Bank Aktiengesellschaft Cuts Frontier Group (NASDAQ:ULCC) Price Target to $5.00

Frontier Group (NASDAQ:ULCCFree Report) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $7.00 to $5.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

ULCC has been the topic of several other reports. Evercore ISI lifted their price objective on Frontier Group from $7.00 to $8.50 and gave the company an in-line rating in a research note on Thursday, April 4th. TD Cowen reduced their price target on shares of Frontier Group from $8.00 to $6.50 and set a hold rating on the stock in a research report on Friday, May 3rd. Barclays increased their price objective on shares of Frontier Group from $7.00 to $9.00 and gave the stock an overweight rating in a research report on Friday, April 5th. Raymond James lowered shares of Frontier Group from a market perform rating to an underperform rating in a report on Friday, July 5th. Finally, UBS Group started coverage on shares of Frontier Group in a research report on Wednesday, March 20th. They set a neutral rating and a $8.00 price target for the company. 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 stock. Based on data from MarketBeat.com, Frontier Group has an average rating of Hold and a consensus price target of $7.28.

Check Out Our Latest Stock Report on ULCC

Frontier Group Stock Performance

Shares of ULCC stock opened at $4.17 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.50. The firm has a market capitalization of $933.91 million, a price-to-earnings ratio of -34.75 and a beta of 2.51. Frontier Group has a one year low of $3.19 and a one year high of $10.57. The company has a 50 day moving average price of $5.37 and a 200 day moving average price of $6.11.

Frontier Group (NASDAQ:ULCCGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The business had revenue of $865.00 million during the quarter, compared to the consensus estimate of $859.21 million. During the same period in the prior year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts anticipate that Frontier Group will post 0.44 EPS for the current year.

Institutional Trading of Frontier Group

Several hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. boosted its stake in Frontier Group by 46.0% during the 4th quarter. U S Global Investors Inc. now owns 10,483,645 shares of the company’s stock valued at $57,241,000 after purchasing an additional 3,305,465 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Frontier Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,116,430 shares of the company’s stock valued at $33,384,000 after buying an additional 60,943 shares during the period. Russell Investments Group Ltd. raised its position in Frontier Group by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after acquiring an additional 109,418 shares in the last quarter. Boston Partners boosted its holdings in Frontier Group by 176.6% during the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock worth $8,518,000 after buying an additional 672,471 shares in the last quarter. Finally, Jade Capital Advisors LLC increased its holdings in shares of Frontier Group by 2,400.0% in the fourth quarter. Jade Capital Advisors LLC now owns 500,000 shares of the company’s stock valued at $2,730,000 after buying an additional 480,000 shares in the last quarter.

About Frontier Group

(Get Free Report)

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.

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Analyst Recommendations for Frontier Group (NASDAQ:ULCC)

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