Frontier Group (NASDAQ:ULCC) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Frontier Group (NASDAQ:ULCC) had its target price boosted by Morgan Stanley from $7.00 to $10.00 in a report published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently commented on ULCC. UBS Group lifted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, Susquehanna lifted their target price on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Frontier Group presently has an average rating of “Hold” and a consensus price target of $7.74.

Frontier Group Stock Performance

ULCC opened at $7.69 on Monday. The firm has a market capitalization of $1.75 billion, a PE ratio of 21.36 and a beta of 2.35. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26. The firm’s 50-day moving average price is $8.05 and its 200 day moving average price is $6.21. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. As a group, sell-side analysts expect that Frontier Group will post 0.91 EPS for the current fiscal year.

Insider Activity

In related news, Director Josh T. Connor sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the sale, the director now directly owns 326,550 shares of the company’s stock, valued at $1,874,397. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the sale, the senior vice president now directly owns 47,590 shares in the company, valued at approximately $336,461.30. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 875,830 shares of company stock valued at $6,984,339. Company insiders own 81.50% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in Frontier Group by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,442 shares of the company’s stock worth $217,000 after buying an additional 2,296 shares during the period. Rhumbline Advisers grew its holdings in Frontier Group by 4.4% during the 4th quarter. Rhumbline Advisers now owns 55,354 shares of the company’s stock worth $394,000 after acquiring an additional 2,334 shares in the last quarter. Blue Trust Inc. grew its holdings in Frontier Group by 41.2% during the 3rd quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock worth $63,000 after acquiring an additional 3,744 shares in the last quarter. R Squared Ltd acquired a new position in Frontier Group during the 4th quarter worth approximately $32,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Frontier Group by 8.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company’s stock worth $536,000 after acquiring an additional 5,834 shares in 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.