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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.6111.

A number of analysts have weighed in on ULCC shares. Bank of America dropped their target price on shares of Frontier Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. Morgan Stanley decreased their price target on Frontier Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. UBS Group dropped their price objective on shares of Frontier Group from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.00 to $8.00 in a research report on Tuesday, September 2nd.

Institutional Investors Weigh In On Frontier Group

Several hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC boosted its stake in Frontier Group by 103.1% during the second quarter. Squarepoint Ops LLC now owns 257,207 shares of the company’s stock worth $934,000 after buying an additional 130,571 shares in the last quarter. State of Wyoming raised its position in shares of Frontier Group by 542.4% during the 2nd quarter. State of Wyoming now owns 144,403 shares of the company’s stock valued at $524,000 after acquiring an additional 121,926 shares during the last quarter. Caxton Associates LLP acquired a new position in Frontier Group during the second quarter valued at approximately $308,000. SkyView Investment Advisors LLC lifted its holdings in shares of Frontier Group by 3.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 556,259 shares of the company’s stock valued at $2,009,000 after purchasing an additional 18,544 shares in the last quarter. Finally, Voleon Capital Management LP increased its holdings in Frontier Group by 439.4% during the 2nd quarter. Voleon Capital Management LP now owns 208,713 shares of the company’s stock worth $758,000 after purchasing an additional 170,021 shares in the last quarter.

Frontier Group Stock Up 4.7%

Shares of NASDAQ:ULCC opened at $5.38 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.53. Frontier Group has a 52-week low of $2.89 and a 52-week high of $10.26. The company has a 50 day moving average of $4.42 and a two-hundred day moving average of $4.35. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -33.63 and a beta of 2.63.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $951.92 million. During the same quarter last year, the business earned $0.14 EPS. Frontier Group’s revenue for the quarter was down 4.5% compared to the same quarter last year. Frontier Group has set its Q3 2025 guidance at -0.420–0.260 EPS. As a group, analysts forecast that Frontier Group will post 0.91 earnings per share for the current fiscal year.

About Frontier Group

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.