Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Average Recommendation of “Hold” from Analysts

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.00.

A number of research analysts have commented on ULCC shares. Barclays reduced their target price on Frontier Group from $14.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup reduced their price objective on Frontier Group from $7.25 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their target price on shares of Frontier Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Bank of America reduced their price target on shares of Frontier Group from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, UBS Group lowered their price objective on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, April 7th.

Insider Activity

In other news, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the transaction, the senior vice president now directly owns 23,912 shares in the company, valued at $158,536.56. This trade represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Frontier Group in the 4th quarter worth $32,000. KLP Kapitalforvaltning AS bought a new stake in Frontier Group in the fourth quarter worth about $50,000. Byrne Asset Management LLC acquired a new stake in Frontier Group in the 1st quarter valued at about $35,000. ProShare Advisors LLC bought a new position in shares of Frontier Group during the 4th quarter valued at about $84,000. Finally, Aigen Investment Management LP bought a new position in shares of Frontier Group during the 4th quarter valued at about $96,000.

Frontier Group Stock Up 0.7%

Shares of NASDAQ:ULCC opened at $4.04 on Wednesday. The firm has a market cap of $920.17 million, a PE ratio of 11.22 and a beta of 2.55. The company has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $5.93. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. Frontier Group has a 12-month low of $2.79 and a 12-month high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.03. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. The company had revenue of $912.00 million during the quarter, compared to analyst estimates of $996.05 million. During the same period last year, the business earned ($0.09) EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Frontier Group will post 0.91 EPS for the current fiscal year.

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.