Frontier Group (NASDAQ:ULCC) Stock Price Expected to Rise, Susquehanna Analyst Says

Frontier Group (NASDAQ:ULCC) had its target price lifted by Susquehanna from $5.00 to $6.00 in a report released on Monday morning,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Several other brokerages have also weighed in on ULCC. Citigroup upped their target price on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI raised their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Barclays lifted their price objective on shares of Frontier Group from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Bank of America lowered their target price on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.22.

Frontier Group Price Performance

Shares of ULCC opened at $6.43 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -161.50 and a beta of 2.51. The business’s 50-day moving average is $5.25 and its 200-day moving average is $4.95. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.33.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $943.30 million. During the same period last year, the firm posted ($0.14) EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Frontier Group will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 81.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Frontier Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of Frontier Group during the 2nd quarter worth approximately $45,000. nVerses Capital LLC lifted its position in Frontier Group by 152.5% in the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after purchasing an additional 6,100 shares during the period. Victory Capital Management Inc. acquired a new stake in Frontier Group during the third quarter worth $54,000. Ballentine Partners LLC acquired a new stake in Frontier Group during the third quarter worth $55,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Frontier Group in the 2nd quarter valued at $58,000.

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.