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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.10.

A number of brokerages have recently weighed in on ULCC. Evercore ISI raised their price target on Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Raymond James cut shares of Frontier Group from a “market perform” rating to an “underperform” rating in a research report on Friday, July 5th. UBS Group initiated coverage on shares of Frontier Group in a research report on Wednesday, March 20th. They issued a “neutral” rating and a $8.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Frontier Group from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Finally, Barclays lowered their target price on Frontier Group from $9.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday.

Frontier Group Trading Down 1.6 %

Shares of ULCC opened at $4.25 on Friday. Frontier Group has a twelve month low of $3.19 and a twelve month high of $10.55. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $951.83 million, a P/E ratio of -35.41 and a beta of 2.51. The firm’s 50-day moving average is $5.31 and its two-hundred day moving average is $6.09.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. The business had revenue of $865.00 million for the quarter, compared to analysts’ expectations of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, research analysts predict that Frontier Group will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Frontier Group

A number of hedge funds have recently added to or reduced their stakes in ULCC. Price T Rowe Associates Inc. MD lifted its holdings in shares of Frontier Group by 11.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after acquiring an additional 2,746 shares during the period. Simplicity Wealth LLC boosted its holdings in shares of Frontier Group by 17.6% in the 2nd quarter. Simplicity Wealth LLC now owns 29,532 shares of the company’s stock valued at $146,000 after purchasing an additional 4,428 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Frontier Group by 23.3% during the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock valued at $204,000 after buying an additional 4,756 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Frontier Group by 200.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock valued at $64,000 after buying an additional 7,782 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Frontier Group by 91.0% during the 4th quarter. Quadrant Capital Group LLC now owns 16,936 shares of the company’s stock worth $92,000 after buying an additional 8,067 shares during the last quarter.

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.