TD Cowen Cuts Frontier Group (NASDAQ:ULCC) Price Target to $4.00

Frontier Group (NASDAQ:ULCC) had its price objective trimmed by TD Cowen from $6.50 to $4.00 in a report released on Wednesday, Marketbeat.com reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James downgraded Frontier Group from a market perform rating to an underperform rating in a research report on Friday, July 5th. Susquehanna dropped their target price on Frontier Group from $6.00 to $4.50 and set a neutral rating on the stock in a research report on Tuesday. Barclays dropped their target price on Frontier Group from $9.00 to $7.00 and set an overweight rating on the stock in a research report on Wednesday, July 10th. UBS Group began coverage on shares of Frontier Group in a report on Wednesday, March 20th. They issued a neutral rating and a $8.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Frontier Group from $7.00 to $5.00 and set a hold rating on the stock in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Frontier Group has an average rating of Hold and a consensus price target of $6.76.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $3.61 on Wednesday. The stock’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $6.04. Frontier Group has a 1 year low of $3.19 and a 1 year high of $10.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.50.

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

Institutional Trading of Frontier Group

Several institutional investors have recently added to or reduced their stakes in ULCC. U S Global Investors Inc. boosted its position in Frontier Group by 46.0% during the fourth quarter. U S Global Investors Inc. now owns 10,483,645 shares of the company’s stock valued at $57,241,000 after buying an additional 3,305,465 shares during the period. Russell Investments Group Ltd. boosted its position in Frontier Group by 215.0% during the fourth quarter. Russell Investments Group Ltd. now owns 994,874 shares of the company’s stock valued at $5,432,000 after buying an additional 679,075 shares during the period. Boston Partners boosted its position in Frontier Group by 176.6% during the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock valued at $8,518,000 after buying an additional 672,471 shares during the period. Vanguard Group Inc. boosted its position in Frontier Group by 20.0% during the third quarter. Vanguard Group Inc. now owns 3,821,012 shares of the company’s stock valued at $18,494,000 after buying an additional 636,921 shares during the period. Finally, Jade Capital Advisors LLC boosted its position in Frontier Group by 2,400.0% during 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 during the period.

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.