Frontier Group (NASDAQ:ULCC) PT Raised to $4.00 at TD Cowen

Frontier Group (NASDAQ:ULCC) had its price objective increased by TD Cowen from $3.00 to $4.00 in a research note published on Monday, Marketbeat Ratings reports. TD Cowen currently has a hold rating on the stock.

A number of other brokerages also recently commented on ULCC. Bank of America dropped their target price on shares of Frontier Group from $5.50 to $5.00 and set a neutral rating on the stock in a research note on Friday, September 13th. Raymond James downgraded Frontier Group from a market perform rating to an underperform rating in a report on Friday, July 5th. Barclays lowered their target price on Frontier Group from $7.00 to $6.00 and set an overweight rating for the company in a report on Monday, August 12th. Citigroup cut their price target on Frontier Group from $7.00 to $5.35 and set a neutral rating on the stock in a research note on Wednesday, July 17th. Finally, Susquehanna lowered their price objective on shares of Frontier Group from $4.50 to $3.00 and set a neutral rating for the company in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $5.92.

Frontier Group Trading Down 2.1 %

Shares of NASDAQ ULCC opened at $4.30 on Monday. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market cap of $965.26 million, a price-to-earnings ratio of -35.83 and a beta of 2.49. The business’s 50 day moving average price is $3.71 and its 200-day moving average price is $5.32.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, sell-side analysts expect that Frontier Group will post -0.07 earnings per share for the current year.

Institutional Trading of Frontier Group

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of Frontier Group during the 2nd quarter worth approximately $45,000. nVerses Capital LLC increased its position in shares of Frontier Group by 152.5% during the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after purchasing an additional 6,100 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontier Group during the 2nd quarter valued at $58,000. Private Advisor Group LLC acquired a new stake in shares of Frontier Group in the 4th quarter worth $59,000. Finally, Arizona State Retirement System grew its stake in Frontier Group by 29.0% during the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock worth $77,000 after buying an additional 3,521 shares during 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.