Frontier Group (NASDAQ:ULCC) Given New $3.50 Price Target at UBS Group

Frontier Group (NASDAQ:ULCC) had its target price lowered by UBS Group from $4.00 to $3.50 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also issued reports on the stock. Citigroup reduced their price target on shares of Frontier Group from $7.25 to $4.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their price target on shares of Frontier Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Evercore ISI reduced their price target on shares of Frontier Group from $7.00 to $5.00 and set an “in-line” rating for the company in a research report on Friday, April 11th. Barclays reduced their price target on shares of Frontier Group from $14.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America reduced their price target on shares of Frontier Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, July 1st. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.61.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $3.36 on Wednesday. The firm has a market capitalization of $765.27 million, a P/E ratio of -21.00 and a beta of 2.62. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $3.96 and a 200 day moving average price of $5.05. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.19%. The company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $951.92 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Sell-side analysts expect that Frontier Group will post 0.91 EPS for the current year.

Insiders Place Their Bets

In other Frontier Group news, SVP Alexandre Clerc sold 12,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $3.89, for a total value of $46,680.00. Following the transaction, the senior vice president owned 11,912 shares in the company, valued at approximately $46,337.68. This trade represents a 50.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new position in Frontier Group in the 1st quarter valued at $35,000. CWM LLC lifted its holdings in Frontier Group by 165.0% in the 2nd quarter. CWM LLC now owns 10,042 shares of the company’s stock valued at $36,000 after purchasing an additional 6,253 shares in the last quarter. Baron Wealth Management LLC purchased a new position in Frontier Group in the 2nd quarter valued at $37,000. MQS Management LLC purchased a new position in Frontier Group in the 2nd quarter valued at $37,000. Finally, May Hill Capital LLC purchased a new position in shares of Frontier Group during the 2nd quarter worth $42,000.

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.