Frontier Group (NASDAQ:ULCC) had its price objective decreased by Citigroup from $24.00 to $22.00 in a report released on Wednesday, The Fly reports. Citigroup currently has a buy rating on the stock.
ULCC has been the subject of several other reports. Morgan Stanley dropped their target price on Frontier Group from $25.00 to $23.00 and set an overweight rating for the company in a research report on Tuesday, September 14th. Susquehanna assumed coverage on Frontier Group in a research report on Tuesday, July 13th. They issued a positive rating and a $20.00 target price for the company. Zacks Investment Research downgraded Frontier Group from a hold rating to a sell rating in a research report on Wednesday, August 4th. Finally, Susquehanna Bancshares assumed coverage on Frontier Group in a research report on Tuesday, July 13th. They set a positive rating and a $15.61 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Frontier Group has an average rating of Buy and an average target price of $22.42.
NASDAQ:ULCC opened at $15.78 on Wednesday. The company has a 50-day simple moving average of $15.31. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. Frontier Group has a twelve month low of $13.71 and a twelve month high of $22.70.
Hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new stake in Frontier Group in the second quarter worth approximately $28,000. Ameritas Investment Partners Inc. bought a new stake in Frontier Group in the second quarter worth approximately $47,000. Royal Bank of Canada bought a new stake in Frontier Group in the second quarter worth approximately $81,000. Wolverine Trading LLC bought a new stake in Frontier Group in the second quarter worth approximately $178,000. Finally, Metropolitan Life Insurance Co NY bought a new stake in Frontier Group in the second quarter worth approximately $193,000. Institutional investors and hedge funds own 17.43% of the company’s stock.
Frontier Group Company Profile
Frontier Group Holdings, Inc engages in the operation of passenger airline. It offers flights throughout the United States and selected international Mexico, and the Caribbean. The company was founded on September 2013 and is headquartered in Denver, CO.
See Also: What is a dead cat bounce?
Receive News & Ratings for Frontier Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Group and related companies with MarketBeat.com's FREE daily email newsletter.