Frontier Group Holdings, Inc. (NASDAQ:ULCC) Given Average Rating of "Hold" by Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.28.

A number of equities research analysts have recently commented on ULCC shares. Barclays raised their price target on Frontier Group from $7.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. Susquehanna lifted their target price on Frontier Group from $5.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, February 9th. TD Cowen dropped their target price on Frontier Group from $8.00 to $6.50 and set a "hold" rating on the stock in a research report on Friday, May 3rd. UBS Group initiated coverage on Frontier Group in a research note on Wednesday, March 20th. They issued a "neutral" rating and a $8.00 price target for the company. Finally, Evercore ISI raised their price target on Frontier Group from $7.00 to $8.50 and gave the company an "in-line" rating in a research note on Thursday, April 4th.

Frontier Group Stock Up 1.8 %

Shares of NASDAQ ULCC traded up $0.10 during mid-day trading on Friday, reaching $5.71. 985,168 shares of the company's stock were exchanged, compared to its average volume of 1,572,043. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -47.58 and a beta of 2.63. 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 business has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $5.94. Frontier Group has a twelve month low of $3.19 and a twelve month high of $10.57.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. The company had revenue of $865.00 million for the quarter, compared to analyst estimates of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. Frontier Group's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share. As a group, equities analysts expect that Frontier Group will post 0.5 EPS for the current fiscal year.

Insider Transactions at Frontier Group

In other news, CEO Barry Biffle sold 14,500 shares of Frontier Group stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7.21, for a total transaction of $104,545.00. Following the completion of the transaction, the chief executive officer now directly owns 63,949 shares in the company, valued at approximately $461,072.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 81.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Frontier Group

Several institutional investors have recently added to or reduced their stakes in ULCC. Signaturefd LLC bought a new stake in Frontier Group in the 3rd quarter valued at $28,000. NBC Securities Inc. bought a new stake in Frontier Group in the 3rd quarter valued at $58,000. Jump Financial LLC bought a new stake in Frontier Group in the 3rd quarter valued at $1,867,000. Quantbot Technologies LP bought a new stake in Frontier Group in the 3rd quarter valued at $556,000. Finally, Boston Partners raised its holdings in Frontier Group by 65.5% in the 3rd quarter. Boston Partners now owns 184,559 shares of the company's stock valued at $893,000 after acquiring an additional 73,024 shares in the last quarter.

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.