Frontier Group Holdings, Inc. (NASDAQ:ULCC) Given Average Rating of “Buy” by Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCCGet Rating) have been assigned an average recommendation of “Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.69.

Several research analysts have recently weighed in on ULCC shares. Barclays dropped their price target on shares of Frontier Group from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, January 14th. Zacks Investment Research cut shares of Frontier Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Bank of America upgraded shares of Frontier Group from a “neutral” rating to a “buy” rating and lowered their target price for the company from $19.00 to $18.00 in a research note on Friday, January 7th.

Large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. purchased a new stake in Frontier Group during the fourth quarter valued at approximately $31,000. Citigroup Inc. raised its position in Frontier Group by 139.2% during the third quarter. Citigroup Inc. now owns 3,961 shares of the company’s stock valued at $63,000 after purchasing an additional 2,305 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Frontier Group during the fourth quarter valued at approximately $63,000. Royal Bank of Canada purchased a new stake in Frontier Group during the second quarter valued at approximately $81,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Frontier Group during the fourth quarter valued at approximately $151,000. Institutional investors own 16.46% of the company’s stock.

Shares of Frontier Group stock opened at $10.73 on Monday. The company’s fifty day simple moving average is $11.99 and its 200-day simple moving average is $13.89. The stock has a market capitalization of $2.33 billion and a PE ratio of -20.63. Frontier Group has a 1-year low of $9.48 and a 1-year high of $22.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.76.

Frontier Group (NASDAQ:ULCCGet Rating) last issued its quarterly earnings results on Monday, February 7th. The company reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.08. The business had revenue of $609.00 million for the quarter, compared to analysts’ expectations of $642.41 million. Frontier Group had a negative net margin of 4.95% and a negative return on equity of 63.79%. The business’s quarterly revenue was up 128.1% compared to the same quarter last year. As a group, research analysts anticipate that Frontier Group will post 0.14 EPS for the current year.

Frontier Group Company Profile (Get Rating)

Frontier Group Holdings, Inc, a low-fare airline company, provides air transportation for passengers. The company operates an airline that serves approximately 120 airports throughout the United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center.

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