UBS Group Issues Positive Forecast for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC) had its price objective increased by analysts at UBS Group from $6.00 to $8.50 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 6.38% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Bank of America reduced their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Raymond James upgraded shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Susquehanna boosted their price target on shares of Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. Finally, Barclays boosted their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.74.

Frontier Group Trading Up 12.4 %

Frontier Group stock opened at $7.99 on Tuesday. The firm has a 50 day moving average of $6.36 and a 200 day moving average of $5.14. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -199.70 and a beta of 2.32. Frontier Group has a 12-month low of $2.79 and a 12-month high of $8.41. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57.

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

Insiders Place Their Bets

In other news, Director Josh T. Connor sold 30,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the sale, the director now directly owns 326,550 shares of the company’s stock, valued at approximately $1,874,397. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steve Schuller sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the sale, the senior vice president now directly owns 47,590 shares of the company’s stock, valued at $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,000 shares of company stock valued at $1,308,350 over the last three months. 81.50% of the stock is owned by company insiders.

Institutional Trading of Frontier Group

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new stake in Frontier Group in the third quarter worth about $54,000. Ballentine Partners LLC purchased a new stake in Frontier Group in the third quarter worth about $55,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Frontier Group in the second quarter worth about $58,000. Blue Trust Inc. lifted its stake in Frontier Group by 41.2% in the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock worth $63,000 after acquiring an additional 3,744 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after acquiring an additional 8,507 shares during the period.

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.