UBS Group Boosts Frontier Group (NASDAQ:ULCC) Price Target to $5.00

Key Points

• UBS Group has raised its price target for Frontier Group (NASDAQ:ULCC) from $3.50 to $5.00, maintaining a "neutral" rating, which suggests only a 0.10% potential upside.
• Frontier Group's stock recently increased by 4.7%, closing at $5.00, with a significant trading volume of 354,593 shares.
• Analysts' ratings for the stock vary, with two recommending a buy rating and eight issuing a hold, leading to an average target price of $6.00.

Frontier Group (NASDAQ:ULCC - Get Free Report) had its price target raised by analysts at UBS Group from $3.50 to $5.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 0.10% from the stock's previous close.

Several other equities analysts have also recently commented on ULCC. Seaport Res Ptn raised Frontier Group to a "hold" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Finally, Bank of America decreased their price objective on Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Frontier Group presently has an average rating of "Hold" and a consensus target price of $6.00.

Frontier Group Stock Up 4.7%

NASDAQ ULCC traded up $0.23 on Friday, reaching $5.00. The stock had a trading volume of 354,593 shares, compared to its average volume of 3,827,563. The business has a 50 day moving average price of $4.64 and a 200 day moving average price of $4.23. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. Frontier Group has a 1 year low of $2.89 and a 1 year high of $10.26. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -31.23 and a beta of 2.63.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.03). The firm had revenue of $929.00 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm earned $0.14 EPS. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. On average, analysts forecast that Frontier Group will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. increased 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 worth $22,524,000 after buying an additional 2,306,248 shares during the last quarter. Par Capital Management Inc. grew its position in shares of Frontier Group by 1.2% in the second quarter. Par Capital Management Inc. now owns 2,181,100 shares of the company's stock valued at $7,917,000 after purchasing an additional 25,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Frontier Group by 24.9% in the second quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company's stock valued at $7,481,000 after purchasing an additional 410,392 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Frontier Group in the second quarter valued at approximately $5,387,000. Finally, Jump Financial LLC acquired a new position in shares of Frontier Group in the second quarter valued at approximately $4,190,000.

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.

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