Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $6.44 Average Price Target from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received an average recommendation of “Reduce” from the eleven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.24.

Several research firms recently weighed in on ULCC. Barclays reduced their price target on Frontier Group from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday. Susquehanna decreased their price target on shares of Frontier Group from $6.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Friday. Raymond James downgraded shares of Frontier Group from a “market perform” rating to an “underperform” rating in a research note on Friday, July 5th. Finally, TD Cowen dropped their price target on Frontier Group from $6.50 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th.

Frontier Group Stock Down 8.7 %

Shares of NASDAQ ULCC opened at $2.84 on Thursday. The firm has a fifty day simple moving average of $4.41 and a two-hundred day simple moving average of $5.89. The firm has a market capitalization of $637.52 million, a PE ratio of -23.66 and a beta of 2.50. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.49. Frontier Group has a 12 month low of $2.82 and a 12 month high of $8.33.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.11%. The company had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Frontier Group’s revenue was up .6% on a year-over-year basis. Equities analysts expect that Frontier Group will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ULCC. Vanguard Group Inc. grew its stake in shares of Frontier Group by 20.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,821,012 shares of the company’s stock valued at $18,494,000 after purchasing an additional 636,921 shares during the period. Boston Partners grew 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. Cruiser Capital Advisors LLC purchased a new stake in Frontier Group during the fourth quarter valued at approximately $253,000. Bleakley Financial Group LLC bought a new position in Frontier Group in the fourth quarter worth approximately $111,000. Finally, Norden Group LLC bought a new stake in shares of Frontier Group during the 1st quarter valued at $293,000.

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.