Frontier Group (NASDAQ:ULCC) PT Raised to $4.00 at TD Cowen

Frontier Group (NASDAQ:ULCC) had its price target boosted by TD Cowen from $3.00 to $4.00 in a research report sent to investors on Monday, Marketbeat reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also recently weighed in on ULCC. Raymond James cut Frontier Group from a market perform rating to an underperform rating in a report on Friday, July 5th. Susquehanna lowered their price target on Frontier Group from $4.50 to $3.00 and set a neutral rating on the stock in a report on Friday, August 16th. Barclays lowered their price target on Frontier Group from $7.00 to $6.00 and set an overweight rating on the stock in a report on Monday, August 12th. Bank of America lowered their target price on Frontier Group from $5.50 to $5.00 and set a neutral rating on the stock in a report on Friday, September 13th. Finally, Citigroup lowered their target price on Frontier Group from $7.00 to $5.35 and set a neutral rating on the stock in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $5.92.

Frontier Group Stock Performance

NASDAQ ULCC opened at $4.39 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $3.71 and its two-hundred day moving average is $5.32. Frontier Group has a 12-month low of $2.79 and a 12-month high of $8.33. The stock has a market capitalization of $985.47 million, a price-to-earnings ratio of -36.58 and a beta of 2.49.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business 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 revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Research analysts expect that Frontier Group will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. purchased a new position in shares of Frontier Group during the 2nd quarter worth $45,000. nVerses Capital LLC raised its position in shares of Frontier Group by 152.5% in the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after buying an additional 6,100 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Frontier Group in the 2nd quarter worth $58,000. Private Advisor Group LLC purchased a new position in shares of Frontier Group in the 4th quarter worth $59,000. Finally, Arizona State Retirement System raised its position in shares of Frontier Group by 29.0% in the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock worth $77,000 after buying an additional 3,521 shares during the period.

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.