Frontier Group (NASDAQ:ULCC) Given New $6.00 Price Target at Susquehanna

Frontier Group (NASDAQ:ULCC) had its price target increased by Susquehanna from $5.00 to $6.00 in a report released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup boosted their target price on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their price target on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a report on Monday, September 16th. Bank of America lowered their price target on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, Barclays boosted their price target on Frontier Group from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.22.

Frontier Group Stock Down 4.5 %

Shares of NASDAQ ULCC opened at $5.70 on Monday. The business’s 50 day moving average is $5.14 and its two-hundred day moving average is $4.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group has a 1-year low of $2.79 and a 1-year high of $8.33.

Frontier Group (NASDAQ:ULCC) last announced its earnings results 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 business had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same period in the previous year, the business earned ($0.14) EPS. Frontier Group’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Frontier Group will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president now owns 34,035 shares in the company, valued at approximately $204,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Catalina Capital Group LLC purchased a new position in Frontier Group in the 3rd quarter valued at $119,000. Mariner Investment Group LLC purchased a new position in Frontier Group in the 3rd quarter valued at $428,000. US Bancorp DE lifted its holdings in Frontier Group by 930.3% in the 3rd quarter. US Bancorp DE now owns 15,083 shares of the company’s stock valued at $81,000 after purchasing an additional 13,619 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Frontier Group by 1,096.7% in the 3rd quarter. Fortitude Family Office LLC now owns 20,715 shares of the company’s stock valued at $111,000 after purchasing an additional 18,984 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in Frontier Group in the 3rd quarter valued at $55,000.

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.