Frontier Group (NASDAQ:ULCC) Price Target Raised to $14.00

Frontier Group (NASDAQ:ULCC) had its price objective lifted by Barclays from $10.00 to $14.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently commented on ULCC. Citigroup lifted their price target on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. UBS Group upped their price target on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley cut their price objective on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Finally, Susquehanna upped their price target on Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.41.

Frontier Group Trading Down 4.9 %

Shares of NASDAQ:ULCC opened at $9.25 on Monday. Frontier Group has a 12-month low of $2.79 and a 12-month high of $10.26. The business’s fifty day simple moving average is $7.67 and its 200-day simple moving average is $5.91. The company has a market capitalization of $2.08 billion, a PE ratio of -231.19 and a beta of 2.35. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.20. As a group, equities research analysts predict that Frontier Group will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the transaction, the senior vice president now owns 47,590 shares of the company’s stock, valued at $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Barry Biffle sold 273,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $8.44, for a total value of $2,304,120.00. Following the completion of the transaction, the chief executive officer now directly owns 816,817 shares in the company, valued at $6,893,935.48. This trade represents a 25.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 788,000 shares of company stock worth $6,214,070 over the last ninety days. Corporate insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Several hedge funds have recently made changes to their positions in ULCC. R Squared Ltd purchased a new position in shares of Frontier Group during the fourth quarter worth about $32,000. KLP Kapitalforvaltning AS acquired a new position in shares of Frontier Group during the 4th quarter worth approximately $50,000. Victory Capital Management Inc. acquired a new position in shares of Frontier Group during the 3rd quarter worth approximately $54,000. Ballentine Partners LLC acquired a new position in Frontier Group in the 3rd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC raised its holdings in Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after acquiring an additional 7,380 shares during the last quarter.

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.