Frontier Group (NASDAQ:ULCC) PT Lowered to $7.00 at Barclays

Frontier Group (NASDAQ:ULCC) had its target price lowered by Barclays from $9.00 to $7.00 in a report released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Raymond James cut shares of Frontier Group from a market perform rating to an underperform rating in a research report on Friday, July 5th. UBS Group assumed coverage on shares of Frontier Group in a research report on Wednesday, March 20th. They issued a neutral rating and a $8.00 price target for the company. TD Cowen decreased their price target on shares of Frontier Group from $8.00 to $6.50 and set a hold rating for the company in a research report on Friday, May 3rd. Evercore ISI raised their price target on shares of Frontier Group from $7.00 to $8.50 and gave the company an in-line rating in a research report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Frontier Group from $7.00 to $5.00 and set a hold rating for the company in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Group has an average rating of Hold and an average target price of $7.10.

Frontier Group Trading Down 1.6 %

NASDAQ:ULCC opened at $4.25 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $5.31 and a 200 day moving average price of $6.09. Frontier Group has a fifty-two week low of $3.19 and a fifty-two week high of $10.55.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. The firm had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $859.21 million. Frontier Group had a negative net margin of 0.67% and a positive return on equity of 3.62%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) EPS. As a group, equities analysts forecast that Frontier Group will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontier Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Frontier Group during the 2nd quarter worth $659,000. Simplicity Wealth LLC raised its stake in Frontier Group by 17.6% during the 2nd quarter. Simplicity Wealth LLC now owns 29,532 shares of the company’s stock worth $146,000 after acquiring an additional 4,428 shares in the last quarter. Boston Partners raised its stake in Frontier Group by 176.6% during the 1st quarter. Boston Partners now owns 1,053,270 shares of the company’s stock worth $8,518,000 after acquiring an additional 672,471 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Frontier Group by 15.9% during the 1st quarter. SkyView Investment Advisors LLC now owns 274,665 shares of the company’s stock worth $2,228,000 after acquiring an additional 37,644 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Frontier Group by 11.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after acquiring an additional 2,746 shares in 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.