Brokerages Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) Target Price at $5.61

Key Points

• Frontier Group Holdings, Inc. has received an average rating of “Hold” from ten analysts, with nine ratings indicating a hold and one indicating a buy.
• The company recently reported a quarterly loss of ($0.31) earnings per share, missing expectations, and a revenue decline of 4.5% compared to the previous year.
• Several analysts have recently lowered their price targets for Frontier Group, with Morgan Stanley now setting a price target of $9.00.

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) have received an average recommendation of "Hold" from the ten research firms that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.6111.

ULCC has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Bank of America dropped their price objective on Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Finally, UBS Group dropped their price objective on Frontier Group from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th.

Frontier Group Trading Down 1.5%

Shares of ULCC stock traded down $0.0650 during trading hours on Monday, reaching $4.1950. The company had a trading volume of 2,001,097 shares, compared to its average volume of 3,789,488. The company has a 50 day moving average of $3.99 and a 200 day moving average of $4.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.36. The firm has a market cap of $957.09 million, a price-to-earnings ratio of -26.22 and a beta of 2.62. Frontier Group has a 1-year low of $2.89 and a 1-year high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.03). The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $951.92 million. Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. On average, equities research analysts anticipate that Frontier Group will post 0.91 EPS for the current year.

Insider Buying and Selling

In related news, SVP Alexandre Clerc sold 12,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $3.89, for a total transaction of $46,680.00. Following the sale, the senior vice president owned 11,912 shares of the company's stock, valued at approximately $46,337.68. This trade represents a 50.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 48.00% of the company's stock.

Hedge Funds Weigh In On Frontier Group

A number of large investors have recently added to or reduced their stakes in ULCC. Ameritas Investment Partners Inc. increased its holdings in Frontier Group by 130.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company's stock worth $31,000 after purchasing an additional 4,885 shares in the last quarter. Byrne Asset Management LLC bought a new position in Frontier Group during the 1st quarter worth about $35,000. CWM LLC increased its holdings in Frontier Group by 165.0% during the 2nd quarter. CWM LLC now owns 10,042 shares of the company's stock worth $36,000 after purchasing an additional 6,253 shares in the last quarter. Baron Wealth Management LLC bought a new position in Frontier Group during the 2nd quarter worth about $37,000. Finally, MQS Management LLC bought a new position in Frontier Group during the 2nd quarter worth about $37,000.

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.