A number of research firms have changed their ratings and price targets for Frontier Group (NASDAQ: ULCC):
- 7/17/2024 – Frontier Group had its price target lowered by analysts at Citigroup Inc. from $7.00 to $5.35. They now have a “neutral” rating on the stock.
- 7/17/2024 – Frontier Group had its price target lowered by analysts at TD Cowen from $6.50 to $4.00. They now have a “hold” rating on the stock.
- 7/16/2024 – Frontier Group had its price target lowered by analysts at Susquehanna from $6.00 to $4.50. They now have a “neutral” rating on the stock.
- 7/10/2024 – Frontier Group had its price target lowered by analysts at Barclays PLC from $9.00 to $7.00. They now have an “overweight” rating on the stock.
- 7/8/2024 – Frontier Group had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $7.00 to $5.00. They now have a “hold” rating on the stock.
- 7/5/2024 – Frontier Group was downgraded by analysts at Raymond James from a “market perform” rating to an “underperform” rating.
Frontier Group Price Performance
ULCC stock traded down $0.10 during mid-day trading on Monday, hitting $3.96. The stock had a trading volume of 180,792 shares, compared to its average volume of 1,994,691. The firm has a market capitalization of $886.88 million, a P/E ratio of -33.00 and a beta of 2.51. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $6.01. Frontier Group Holdings, Inc. has a 52 week low of $3.19 and a 52 week high of $9.50.
Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. Frontier Group had a negative net margin of 0.67% and a positive return on equity of 3.62%. The firm had revenue of $865.00 million for the quarter, compared to analyst estimates of $859.21 million. During the same period in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that Frontier Group Holdings, Inc. will post 0.31 EPS for the current year.
Institutional Investors Weigh In On 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.
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