Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $6.09 Average PT from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been given a consensus recommendation of “Reduce” by the eleven research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.09.

A number of analysts have recently commented on the company. Susquehanna cut their price objective on Frontier Group from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Raymond James cut shares of Frontier Group from a “market perform” rating to an “underperform” rating in a research report on Friday, July 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Cowen reduced their price target on shares of Frontier Group from $6.50 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut Frontier Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 30th.

Frontier Group Stock Down 2.9 %

ULCC stock opened at $3.74 on Monday. Frontier Group has a one year low of $2.79 and a one year high of $8.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The firm’s fifty day moving average is $3.76 and its 200 day moving average is $5.50. The firm has a market cap of $837.60 million, a PE ratio of -31.17 and a beta of 2.49.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $973.00 million for the quarter, compared to analysts’ expectations of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. On average, research analysts forecast that Frontier Group will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Frontier Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AlTi Global Inc. acquired a new position in Frontier Group during the second quarter worth $21,222,000. Vanguard Group Inc. grew its holdings in shares of Frontier Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,116,430 shares of the company’s stock valued at $33,384,000 after purchasing an additional 60,943 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Frontier Group by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock valued at $8,956,000 after purchasing an additional 109,418 shares during the period. Boston Partners increased its position in Frontier Group by 176.6% during the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock worth $8,518,000 after purchasing an additional 672,471 shares during the last quarter. Finally, Jade Capital Advisors LLC raised its stake in Frontier Group by 2,400.0% during the fourth quarter. Jade Capital Advisors LLC now owns 500,000 shares of the company’s stock worth $2,730,000 after purchasing an additional 480,000 shares during the period.

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.