Frontier Group (NASDAQ:ULCC) Given New $5.00 Price Target at Deutsche Bank Aktiengesellschaft

Frontier Group (NASDAQ:ULCC) had its price target lowered by Deutsche Bank Aktiengesellschaft from $7.00 to $5.00 in a research report released on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

ULCC has been the topic of several other reports. Barclays boosted their target price on shares of Frontier Group from $7.00 to $9.00 and gave the stock an overweight rating in a research report on Friday, April 5th. UBS Group assumed coverage on shares of Frontier Group in a research report on Wednesday, March 20th. They set a neutral rating and a $8.00 target price on the stock. Evercore ISI boosted their price objective on shares of Frontier Group from $7.00 to $8.50 and gave the stock an in-line rating in a research report on Thursday, April 4th. TD Cowen decreased their price objective on shares of Frontier Group from $8.00 to $6.50 and set a hold rating on the stock in a research report on Friday, May 3rd. Finally, Raymond James lowered shares of Frontier Group from a market perform rating to an underperform rating in a research report on Friday, July 5th. 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. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $7.10.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $4.32 on Monday. The firm has a market cap of $967.51 million, a price-to-earnings ratio of -36.00 and a beta of 2.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.50 and a quick ratio of 0.46. Frontier Group has a 1-year low of $3.19 and a 1-year high of $10.57. The firm’s fifty day moving average price is $5.34 and its 200 day moving average price is $6.10.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $859.21 million. During the same quarter in the previous year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Frontier Group will post 0.44 EPS for the current year.

Institutional Trading of Frontier Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. U S Global Investors Inc. boosted its holdings in Frontier Group by 46.0% in the 4th quarter. U S Global Investors Inc. now owns 10,483,645 shares of the company’s stock worth $57,241,000 after acquiring an additional 3,305,465 shares during the period. Vanguard Group Inc. boosted its holdings in Frontier Group by 20.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,821,012 shares of the company’s stock worth $18,494,000 after acquiring an additional 636,921 shares during the period. Boston Partners boosted its holdings in Frontier Group by 106.3% in the 4th quarter. Boston Partners now owns 380,799 shares of the company’s stock worth $2,079,000 after acquiring an additional 196,240 shares during the period. Good Life Advisors LLC purchased a new position in Frontier Group in the 4th quarter worth approximately $253,000. Finally, Wealthsource Partners LLC boosted its stake in shares of Frontier Group by 20.3% during the 4th quarter. Wealthsource Partners LLC now owns 113,711 shares of the company’s stock valued at $621,000 after buying an additional 19,213 shares during 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.