Frontier Group (NASDAQ:ULCC) Price Target Increased to $5.00 by Analysts at Evercore ISI

by · The Cerbat Gem

Frontier Group (NASDAQ:ULCC – Free Report) had its price target boosted by Evercore ISI from $4.00 to $5.00 in a research report report published on Thursday, Benzinga reports. They currently have an in-line rating on the stock.

A number of other equities research analysts also recently issued reports on ULCC. Barclays reduced their price objective on shares of Frontier Group from $7.00 to $6.00 and set an overweight rating for the company in a research report on Monday, August 12th. TD Cowen upped their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the stock a hold rating in a research report on Monday, September 16th. Raymond James raised shares of Frontier Group from an underperform rating to a market perform rating in a research report on Monday, September 30th. Susquehanna reduced their target price on shares of Frontier Group from $4.50 to $3.00 and set a neutral rating for the company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. downgraded shares of Frontier Group from a neutral rating to an underweight rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $5.57.

Get Our Latest Stock Analysis on Frontier Group

Frontier Group Trading Up 16.4 %

Shares of ULCC stock opened at $5.81 on Thursday. Frontier Group has a 52-week low of $2.79 and a 52-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 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $5.11. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -48.41 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The business had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts anticipate that Frontier Group will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Boston Partners grew its stake in Frontier Group by 176.6% in the 1st quarter. Boston Partners now owns 1,053,270 shares of the company’s stock valued at $8,518,000 after buying an additional 672,471 shares in the last quarter. Cruiser Capital Advisors LLC purchased a new position in Frontier Group in the 4th quarter valued at approximately $253,000. AlTi Global Inc. purchased a new position in Frontier Group in the 2nd quarter valued at approximately $21,222,000. Bleakley Financial Group LLC grew 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 buying an additional 4,756 shares in the last quarter. Finally, Norden Group LLC purchased a new position in Frontier Group in the 1st quarter valued at approximately $293,000.

About Frontier Group

(Get Free Report)

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.

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