Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.77.
ULCC has been the subject of a number of research analyst reports. Bank of America dropped their target price on shares of Frontier Group from $5.50 to $5.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft lowered their target price on Frontier Group from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Friday, August 9th. TD Cowen upped their price target on Frontier Group from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Monday, September 16th. Susquehanna lifted their price objective on Frontier Group from $3.00 to $5.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. downgraded shares of Frontier Group from a "neutral" rating to an "underweight" rating in a research report on Tuesday, July 30th.
View Our Latest Analysis on Frontier Group
NASDAQ:ULCC opened at $6.91 on Tuesday. The firm has a market capitalization of $1.55 billion, a PE ratio of -23.83 and a beta of 2.55. The firm has a 50-day moving average price of $4.52 and a 200 day moving average price of $4.98. Frontier Group has a 12-month low of $2.79 and a 12-month high of $8.33. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $973.00 million for the quarter, compared to the consensus estimate of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. Frontier Group's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Research analysts anticipate that Frontier Group will post 0.08 earnings per share for the current fiscal year.
In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the business's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,035 shares of the company's stock, valued at approximately $204,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 81.50% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norden Group LLC bought a new stake in shares of Frontier Group in the first quarter worth $293,000. Capstone Investment Advisors LLC acquired a new stake in Frontier Group in the 1st quarter valued at $350,000. Susquehanna Fundamental Investments LLC bought a new stake in Frontier Group during the 1st quarter worth about $494,000. Russell Investments Group Ltd. boosted its stake in shares of Frontier Group by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company's stock worth $8,956,000 after buying an additional 109,418 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Frontier Group by 23.3% in the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company's stock valued at $204,000 after acquiring an additional 4,756 shares in the last quarter.
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.
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