Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Consensus Recommendation of “Hold” from Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.28.

ULCC has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Susquehanna raised their target price on Frontier Group from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. UBS Group assumed coverage on Frontier Group in a research report on Wednesday, March 20th. They set a “neutral” rating and a $8.00 price target for the company. Evercore ISI lifted their price objective on Frontier Group from $7.00 to $8.50 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, TD Cowen decreased their target price on Frontier Group from $8.00 to $6.50 and set a “hold” rating for the company in a report on Friday, May 3rd.

Frontier Group Stock Performance

NASDAQ ULCC opened at $5.71 on Friday. The company has a 50-day simple moving average of $6.65 and a two-hundred day simple moving average of $5.93. Frontier Group has a 12-month low of $3.19 and a 12-month high of $10.57. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -47.58 and a beta of 2.63. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.49.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.09. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The company had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $859.21 million. During the same period in the prior year, the business posted ($0.06) EPS. Frontier Group’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Frontier Group will post 0.5 EPS for the current year.

Insider Buying and Selling

In other news, CEO Barry Biffle sold 151,620 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total value of $1,170,506.40. Following the completion of the sale, the chief executive officer now directly owns 772,981 shares in the company, valued at approximately $5,967,413.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 81.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in Frontier Group during the 3rd quarter valued at approximately $28,000. PNC Financial Services Group Inc. lifted its holdings in shares of Frontier Group by 632.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,768 shares of the company’s stock worth $28,000 after buying an additional 4,980 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Frontier Group during the third quarter worth $58,000. Private Advisor Group LLC purchased a new position in Frontier Group during the fourth quarter valued at $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Frontier Group by 200.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock valued at $64,000 after acquiring an additional 7,782 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.