Analysts Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) PT at $5.67

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven analysts that are presently covering the stock, MarketBeat.com reports. One 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. The average 12-month target price among analysts that have covered the stock in the last year is $5.67.

A number of analysts recently commented on the stock. Bank of America lowered their target price on shares of Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. UBS Group set a $4.00 target price on shares of Frontier Group and gave the stock a "neutral" rating in a research note on Monday, July 7th. Susquehanna lowered their target price on shares of Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Barclays lowered their target price on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th.

Frontier Group Stock Up 1.1%

Shares of ULCC stock traded up $0.05 on Thursday, hitting $4.42. The stock had a trading volume of 2,951,342 shares, compared to its average volume of 3,607,267. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $3.92 and a 200 day moving average price of $5.31. The company has a market cap of $1.01 billion, a PE ratio of 15.24 and a beta of 2.60. Frontier Group has a one year low of $2.79 and a one year high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.03. Frontier Group had a return on equity of 5.53% and a net margin of 1.78%. The firm had revenue of $912.00 million during the quarter, compared to the consensus estimate of $996.05 million. During the same period in the previous year, the company posted ($0.09) earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In related news, SVP Alexandre Clerc sold 12,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $3.89, for a total value of $46,680.00. Following the completion of the sale, the senior vice president directly owned 11,912 shares in the company, valued at approximately $46,337.68. The trade was a 50.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in Frontier Group by 165.0% in the second quarter. CWM LLC now owns 10,042 shares of the company's stock valued at $36,000 after purchasing an additional 6,253 shares during the period. U S Global Investors Inc. lifted its position in Frontier Group by 59.2% during the second quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company's stock valued at $22,524,000 after buying an additional 2,306,248 shares in the last quarter. Mariner Investment Group LLC acquired a new position in Frontier Group during the second quarter valued at approximately $218,000. Baron Wealth Management LLC acquired a new position in Frontier Group during the second quarter valued at approximately $37,000. Finally, Goldman Sachs Group Inc. lifted its position in Frontier Group by 33.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company's stock valued at $4,398,000 after buying an additional 251,509 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.