Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.28.

Several equities analysts have weighed in on ULCC shares. UBS Group started coverage on Frontier Group in a research note on Wednesday, March 20th. They set a “neutral” rating and a $8.00 price objective on the stock. Barclays raised their price objective on Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Raymond James cut Frontier Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Evercore ISI raised their price objective on Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, TD Cowen dropped their price objective on Frontier Group from $8.00 to $6.50 and set a “hold” rating on the stock in a research note on Friday, May 3rd.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Frontier Group by 11.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock valued at $211,000 after acquiring an additional 2,746 shares during the period. KB Financial Partners LLC raised its stake in Frontier Group by 2.5% in the 3rd quarter. KB Financial Partners LLC now owns 162,626 shares of the company’s stock valued at $787,000 after acquiring an additional 3,891 shares during the period. Bleakley Financial Group LLC raised its stake in Frontier Group by 23.3% in the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock valued at $204,000 after acquiring an additional 4,756 shares during the period. PNC Financial Services Group Inc. raised its stake in Frontier Group by 632.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,768 shares of the company’s stock valued at $28,000 after acquiring an additional 4,980 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Frontier Group by 200.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock valued at $64,000 after acquiring an additional 7,782 shares during the period.

Frontier Group Stock Performance

NASDAQ ULCC opened at $4.74 on Wednesday. The company has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $6.16. Frontier Group has a 12-month low of $3.19 and a 12-month high of $10.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.50 and a quick ratio of 0.46.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.09. Frontier Group had a negative net margin of 0.67% and a positive return on equity of 3.62%. The business had revenue of $865.00 million during the quarter, compared to the consensus estimate of $859.21 million. During the same quarter last year, the firm posted ($0.06) EPS. Frontier Group’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Frontier Group will post 0.5 earnings per share for the current fiscal year.

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.