Deutsche Bank Aktiengesellschaft Cuts Frontier Group (NASDAQ:ULCC) Price Target to $5.00

Frontier Group (NASDAQ:ULCC) had its price target lowered by Deutsche Bank Aktiengesellschaft from $7.00 to $5.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

ULCC has been the topic of several other research reports. Evercore ISI increased their price target on shares of Frontier Group from $7.00 to $8.50 and gave the stock an in-line rating in a research note on Thursday, April 4th. Raymond James lowered Frontier Group from a market perform rating to an underperform rating in a report on Friday, July 5th. TD Cowen decreased their price target on Frontier Group from $8.00 to $6.50 and set a hold rating for the company in a research note on Friday, May 3rd. Barclays upped their price target on Frontier Group from $7.00 to $9.00 and gave the stock an overweight rating in a report on Friday, April 5th. Finally, UBS Group initiated coverage on Frontier Group in a research report on Wednesday, March 20th. They set a neutral rating and a $8.00 target price on the stock. 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, the stock has a consensus rating of Hold and a consensus price target of $7.28.

Frontier Group Trading Down 0.7 %

NASDAQ ULCC opened at $4.17 on Monday. The company has a market capitalization of $933.91 million, a PE ratio of -34.75 and a beta of 2.51. Frontier Group has a 1-year low of $3.19 and a 1-year high of $10.57. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $6.11.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results 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 company had revenue of $865.00 million during the quarter, compared to the consensus estimate of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned ($0.06) EPS. As a group, sell-side analysts anticipate that Frontier Group will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Simplicity Wealth LLC increased its position in shares of Frontier Group by 17.6% in the 2nd quarter. Simplicity Wealth LLC now owns 29,532 shares of the company’s stock valued at $146,000 after buying an additional 4,428 shares in the last quarter. Boston Partners increased its holdings 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 purchasing an additional 672,471 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Frontier Group by 15.9% in the 1st quarter. SkyView Investment Advisors LLC now owns 274,665 shares of the company’s stock valued at $2,228,000 after purchasing an additional 37,644 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Frontier Group by 11.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after buying an additional 2,746 shares during the period. Finally, Seven Eight Capital LP bought a new position in shares of Frontier Group during the first quarter worth about $345,000.

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.