Brokerages Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) Price Target at $7.61

Frontier Group Holdings, Inc. (NASDAQ:ULCCGet Free Report) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.61.

A number of equities research analysts have issued reports on ULCC shares. TD Cowen raised their target price on Frontier Group from $5.00 to $12.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Raymond James reduced their target price on shares of Frontier Group from $9.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, December 12th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target (down previously from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. Susquehanna boosted their price objective on Frontier Group from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, Citigroup raised their target price on Frontier Group from $3.75 to $4.10 and gave the company a “neutral” rating in a research report on Monday, November 27th.

Check Out Our Latest Stock Analysis on ULCC

Frontier Group Stock Up 0.7 %

Shares of Frontier Group stock opened at $7.45 on Monday. Frontier Group has a twelve month low of $3.19 and a twelve month high of $10.57. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -124.17 and a beta of 2.54. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $5.30.

Insider Transactions at Frontier Group

In related news, CEO Barry Biffle sold 151,620 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total transaction of $1,170,506.40. Following the completion of the transaction, the chief executive officer now owns 772,981 shares of the company’s stock, valued at $5,967,413.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 83.20% of the company’s stock.

Institutional Trading of Frontier Group

A number of large investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. lifted its position in shares of Frontier Group by 46.0% during the 4th quarter. U S Global Investors Inc. now owns 10,483,645 shares of the company’s stock valued at $57,241,000 after acquiring an additional 3,305,465 shares during the last quarter. Ancient Art L.P. boosted its position in shares of Frontier Group by 52.3% in the 3rd quarter. Ancient Art L.P. now owns 7,961,321 shares of the company’s stock valued at $38,533,000 after purchasing an additional 2,734,104 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Frontier Group by 215.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,837,680 shares of the company’s stock worth $26,589,000 after buying an additional 1,938,222 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Frontier Group during the first quarter valued at about $12,749,000. Finally, First Dallas Securities Inc. boosted its holdings in shares of Frontier Group by 985.8% in the third quarter. First Dallas Securities Inc. now owns 952,746 shares of the company’s stock worth $4,611,000 after buying an additional 864,996 shares during the period.

Frontier Group Company Profile

(Get Free Report

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.

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