Frontier Group (NASDAQ:ULCC) Price Target Increased to $5.00 by Analysts at Susquehanna

Frontier Group (NASDAQ:ULCC) had its target price hoisted by stock analysts at Susquehanna from $3.00 to $5.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s target price suggests a potential downside of 14.38% from the stock’s current price.

Several other research analysts also recently commented on ULCC. Bank of America dropped their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Raymond James upgraded shares of Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Citigroup upped their target price on Frontier Group from $3.50 to $4.70 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, TD Cowen raised their price target on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Frontier Group presently has a consensus rating of “Hold” and a consensus price target of $5.77.

Frontier Group Stock Down 1.4 %

ULCC opened at $5.84 on Wednesday. The firm has a 50 day moving average price of $4.07 and a 200-day moving average price of $5.08. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -48.66 and a beta of 2.55. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. Frontier Group has a twelve month low of $2.79 and a twelve month high of $8.33.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $973.00 million for the quarter, compared to analysts’ expectations of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. Frontier Group’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Equities research analysts forecast that Frontier Group will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

Several large investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in shares of Frontier Group in the 2nd quarter worth approximately $45,000. nVerses Capital LLC increased its holdings in Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after purchasing an additional 6,100 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Frontier Group in the 2nd quarter valued at about $58,000. Arizona State Retirement System increased its position in shares of Frontier Group by 29.0% in the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock valued at $77,000 after purchasing an additional 3,521 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Frontier Group by 27.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company’s stock worth $98,000 after acquiring an additional 4,279 shares in the last quarter.

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.