Frontier Group (NASDAQ:ULCC) Stock Price Expected to Rise, Susquehanna Analyst Says

Frontier Group (NASDAQ:ULCC) had its price objective hoisted by Susquehanna from $6.00 to $8.00 in a research note released on Tuesday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. Raymond James raised shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Bank of America dropped their price objective on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Evercore ISI increased their target price on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, UBS Group raised their target price on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.96.

Frontier Group Trading Down 1.9 %

Shares of NASDAQ:ULCC opened at $8.16 on Tuesday. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.41. The firm has a fifty day moving average price of $6.49 and a 200 day moving average price of $5.20. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.84 billion, a PE ratio of -203.95 and a beta of 2.32.

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

Insider Activity

In other news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the transaction, the senior vice president now directly owns 47,590 shares of the company’s stock, valued at approximately $336,461.30. This represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Barry Biffle sold 160,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total value of $1,100,800.00. Following the transaction, the chief executive officer now owns 784,817 shares of the company’s stock, valued at $5,399,540.96. This trade represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 355,000 shares of company stock worth $2,569,150. Company insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. AlTi Global Inc. acquired a new stake in shares of Frontier Group in the 2nd quarter valued at $21,222,000. U S Global Investors Inc. boosted its position in Frontier Group by 71.4% in the third quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock valued at $40,473,000 after buying an additional 3,150,768 shares in the last quarter. Verition Fund Management LLC grew its stake in Frontier Group by 235.7% during the third quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock worth $3,457,000 after buying an additional 453,736 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after buying an additional 441,001 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Frontier Group by 81.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock valued at $3,205,000 after acquiring an additional 269,221 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.