Frontier Group (NASDAQ:ULCC - Free Report) had its price target decreased by TD Cowen from $8.00 to $6.50 in a research note issued to investors on Friday, MarketBeat reports. TD Cowen currently has a hold rating on the stock.
A number of other equities research analysts also recently commented on the stock. Barclays raised their price objective on shares of Frontier Group from $7.00 to $9.00 and gave the company an overweight rating in a research report on Friday, April 5th. Bank of America reiterated a neutral rating and issued a $6.00 price objective (down previously from $8.00) on shares of Frontier Group in a research report on Tuesday, January 9th. Evercore ISI upped their price target on shares of Frontier Group from $7.00 to $8.50 and gave the stock an in-line rating in a research note on Thursday, April 4th. Morgan Stanley reissued an equal weight rating and issued a $8.00 target price (down previously from $10.00) on shares of Frontier Group in a report on Monday, January 8th. Finally, UBS Group assumed coverage on shares of Frontier Group in a research note on Wednesday, March 20th. They issued a neutral rating and a $8.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Frontier Group presently has a consensus rating of Hold and a consensus target price of $7.28.
Check Out Our Latest Analysis on Frontier Group
Frontier Group Trading Down 3.0 %
Shares of ULCC traded down $0.18 during trading on Friday, reaching $5.76. 2,173,964 shares of the company traded hands, compared to its average volume of 2,290,833. The stock has a 50-day simple moving average of $7.11 and a 200-day simple moving average of $5.71. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Frontier Group has a twelve month low of $3.19 and a twelve month high of $10.57. The stock has a market cap of $1.29 billion, a PE ratio of -96.00 and a beta of 2.63.
Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. Frontier Group had a negative net margin of 0.31% and a positive return on equity of 5.33%. The business had revenue of $865.00 million for the quarter, compared to analysts' expectations of $859.21 million. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that Frontier Group will post 0.42 earnings per share for the current year.
Insider Transactions at Frontier Group
In other Frontier Group news, CEO Barry Biffle sold 151,620 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $7.72, for a total value of $1,170,506.40. Following the sale, the chief executive officer now owns 772,981 shares in the company, valued at $5,967,413.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 81.50% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. raised its holdings in shares of Frontier Group by 46.0% during the fourth quarter. U S Global Investors Inc. now owns 10,483,645 shares of the company's stock valued at $57,241,000 after acquiring an additional 3,305,465 shares during the period. Vanguard Group Inc. grew its holdings in shares of Frontier Group by 20.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,821,012 shares of the company's stock valued at $18,494,000 after acquiring an additional 636,921 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Frontier Group during the 3rd quarter valued at $1,867,000. Boston Partners grew its holdings in shares of Frontier Group by 65.5% during 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. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Frontier Group by 29.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,166 shares of the company's stock valued at $2,106,000 after purchasing an additional 98,852 shares in the last quarter.
About Frontier Group
(
Get Free Report)
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.
See Also
Before you consider Frontier Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Frontier Group wasn't on the list.
While Frontier Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
