Frontier Group (NASDAQ:ULCC) Price Target Raised to $6.00 at Susquehanna

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

Other equities research analysts have also recently issued research reports about the company. Bank of America dropped their price objective on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Evercore ISI raised their price objective on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Barclays raised their price objective on Frontier Group from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, TD Cowen lifted their target price on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Frontier Group presently has a consensus rating of “Hold” and a consensus target price of $6.22.

Frontier Group Stock Down 4.5 %

Shares of ULCC opened at $5.70 on Monday. The stock’s fifty day moving average price is $5.14 and its two-hundred day moving average price is $4.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.33.

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

Insider Activity at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction on Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now directly owns 34,035 shares in the company, valued at approximately $204,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 81.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Frontier Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Frontier Group by 11.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock valued at $211,000 after acquiring an additional 2,746 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Frontier Group by 29.0% in the second quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock valued at $77,000 after acquiring an additional 3,521 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Frontier Group by 2.3% in the second quarter. Rhumbline Advisers now owns 160,070 shares of the company’s stock valued at $789,000 after acquiring an additional 3,543 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Frontier Group by 41.2% in the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after acquiring an additional 3,744 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Frontier Group by 10.6% in the second quarter. XTX Topco Ltd now owns 41,103 shares of the company’s stock valued at $203,000 after acquiring an additional 3,936 shares in the last quarter.

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.