Citigroup Lowers Frontier Group (NASDAQ:ULCC) Price Target to $3.50

Frontier Group (NASDAQ:ULCC) had its price objective decreased by research analysts at Citigroup from $5.00 to $3.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 10.06% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Barclays restated an “underweight” rating and issued a $4.00 target price (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. Bank of America reissued an “underperform” rating and issued a $4.00 price target (down from $5.00) on shares of Frontier Group in a research report on Tuesday, January 6th. Morgan Stanley decreased their price objective on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a report on Tuesday, February 10th. Finally, UBS Group cut their target price on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $4.94.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $3.18 on Friday. The stock’s 50-day simple moving average is $4.71 and its 200-day simple moving average is $4.65. The firm has a market capitalization of $730.16 million, a PE ratio of -5.21 and a beta of 2.55. Frontier Group has a fifty-two week low of $2.89 and a fifty-two week high of $6.66. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.41 and a current ratio of 0.46.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.13. The firm had revenue of $997.00 million during the quarter, compared to the consensus estimate of $971.35 million. Frontier Group had a negative return on equity of 27.39% and a negative net margin of 3.68%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. As a group, equities research analysts forecast that Frontier Group will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the senior vice president owned 94,926 shares in the company, valued at $569,556. This represents a 5.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 48.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently made changes to their positions in ULCC. AQR Capital Management LLC grew its holdings in shares of Frontier Group by 46.0% during the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after buying an additional 5,913 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Frontier Group by 33.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock valued at $4,398,000 after acquiring an additional 251,509 shares during the last quarter. Savant Capital LLC acquired a new stake in Frontier Group during the 2nd quarter worth approximately $133,000. ProShare Advisors LLC acquired a new stake in Frontier Group during the 2nd quarter worth approximately $63,000. Finally, Geode Capital Management LLC grew its stake in shares of Frontier Group by 24.9% in the 2nd 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.

About Frontier Group

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.