Frontier Group (ULCC) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Frontier Group in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ULCC shares.
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11 analysts have issued 12-month target prices for Frontier Group's stock. Their ULCC share price forecasts range from $5.50 to $25.00. On average, they anticipate the company's share price to reach $12.41 in the next twelve months. This suggests a possible upside of 164.6% from the stock's current price.
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Frontier Group's stock was trading at $10.27 on January 1st, 2023. Since then, ULCC stock has decreased by 54.3% and is now trading at $4.69.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ULCC earnings forecast.

Frontier Group Holdings, Inc. (NASDAQ:ULCC) posted its quarterly earnings data on Tuesday, August, 1st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $967 million for the quarter, compared to the consensus estimate of $966.73 million. Frontier Group had a trailing twelve-month return on equity of 25.80% and a net margin of 3.56%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share.

ETFs with the largest weight of Frontier Group (NASDAQ:ULCC) stock in their portfolio include U.S. Global Jets ETF (JETS), SPDR S&P Transportation ETF (XTN) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

(ULCC) raised $600 million in an IPO on Thursday, April 1st 2021. The company issued 30,000,000 shares at a price of $19.00-$21.00 per share. Citigroup, Barclays, Deutsche Bank Securities, Morgan Stanley, Evercore ISI, BofA Securities, J.P. Morgan, Nomura and UBS Investment Bank acted as the underwriters for the IPO and Cowen and Raymond James were co-managers.

Frontier Group trades on the NASDAQ under the ticker symbol "ULCC."

Frontier Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include U S Global Investors Inc. (2.55%), BlackRock Inc. (1.20%), Hodges Capital Management Inc. (1.04%), Marshall Wace LLP (0.58%), State Street Corp (0.56%) and Geode Capital Management LLC (0.40%). Insiders that own company stock include Barry Biffle, Frontier Holdings Compa Indigo, Howard Diamond, Jacob F Filene, James G Dempsey, Josh A Wetzel, Mark Christopher Mitchell, Patricia Salas Pineda and Robert J Genise.
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Shares of ULCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ULCC stock can currently be purchased for approximately $4.69.

Frontier Group (NASDAQ:ULCC) has a market capitalization of $1.03 billion and generates $3.33 billion in revenue each year. The company earns $-37,000,000.00 in net income (profit) each year or $0.56 on an earnings per share basis.

The company employs 6,470 workers across the globe.

Frontier Group's mailing address is 4545 AIRPORT WAY, DENVER CO, 80239. The official website for the company is www.flyfrontier.com. The company can be reached via phone at (720) 374-4490 or via email at ir@flyfrontier.com.