Frontier Group (NASDAQ:ULCC) Price Target Cut to $4.50

Frontier Group (NASDAQ:ULCC) had its price objective decreased by Susquehanna from $6.00 to $4.50 in a research report released on Tuesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

ULCC has been the subject of several other research reports. TD Cowen decreased their target price on Frontier Group from $8.00 to $6.50 and set a hold rating for the company in a research report on Friday, May 3rd. UBS Group started coverage on Frontier Group in a research report on Wednesday, March 20th. They issued a neutral rating and a $8.00 target price for the company. Raymond James cut Frontier Group from a market perform rating to an underperform rating in a research report on Friday, July 5th. 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 report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Frontier Group from $7.00 to $5.00 and set a hold rating for the company in a research report on Monday, July 8th. One equities research 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. According to MarketBeat, Frontier Group has a consensus rating of Hold and a consensus price target of $6.76.

Frontier Group Price Performance

ULCC opened at $3.61 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.50 and a quick ratio of 0.46. The business has a fifty day simple moving average of $5.11 and a 200-day simple moving average of $6.04. Frontier Group has a fifty-two week low of $3.19 and a fifty-two week high of $10.14.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. The business had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. Frontier Group’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share. On average, equities analysts predict that Frontier Group will post 0.31 earnings per share for the current year.

Institutional Trading of Frontier Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. acquired a new stake in shares of Frontier Group in the second quarter worth about $45,000. Private Advisor Group LLC acquired a new stake in shares of Frontier Group in the fourth quarter worth about $59,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Frontier Group by 200.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock worth $64,000 after buying an additional 7,782 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Frontier Group by 91.0% in the fourth quarter. Quadrant Capital Group LLC now owns 16,936 shares of the company’s stock worth $92,000 after buying an additional 8,067 shares during the last quarter. Finally, Simplicity Solutions LLC acquired a new stake in shares of Frontier Group in the fourth quarter worth about $111,000.

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.