Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock Has Average Price Target of $7.07

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been given a consensus rating of “Reduce” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.07.

Several research analysts have recently commented on ULCC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Group in a research note on Wednesday, October 28th. Susquehanna lifted their price objective on shares of Frontier Group from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Zacks Research cut shares of Frontier Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Deutsche Bank upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $7.00 to $10.00 in a report on Thursday, November 5th. Finally, Barclays lowered their target price on shares of Frontier Group from $7.00 to $5.00 and set an “underweight” rating on the stock in a research report on Friday, September 11th.

Frontier Group Stock Down 1.4%

ULCC opened at $7.59 on Wednesday. The company has a market capitalization of $1.75 billion, a PE ratio of -4.24 and a beta of 2.71. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.62 and a quick ratio of 0.57. Frontier Group has a fifty-two week low of $3.02 and a fifty-two week high of $8.53. The business has a 50-day moving average of $6.07 and a 200-day moving average of $5.55.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.24. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Frontier Group had a positive return on equity of 1.35% and a negative net margin of 8.93%. The firm’s revenue was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.34) earnings per share. Equities research analysts forecast that Frontier Group will post -0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Howard Diamond sold 35,401 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $8.40, for a total transaction of $297,368.40. Following the transaction, the executive vice president owned 133,126 shares of the company’s stock, valued at approximately $1,118,258.40. This represents a 21.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Mitchell sold 40,798 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $8.15, for a total value of $332,503.70. Following the completion of the transaction, the chief financial officer directly owned 66,584 shares in the company, valued at $542,659.60. The trade was a 37.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 92,179 shares of company stock valued at $736,493 over the last quarter. Insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of large investors have recently added to or reduced their stakes in ULCC. Integrated Wealth Concepts LLC bought a new position in shares of Frontier Group in the second quarter worth about $28,000. Atlas Wealth LLC bought a new stake in Frontier Group during the 1st quarter valued at approximately $33,000. Signaturefd LLC boosted its stake in Frontier Group by 81.7% during the 3rd quarter. Signaturefd LLC now owns 6,020 shares of the company’s stock valued at $36,000 after purchasing an additional 2,707 shares during the period. Allworth Financial LP bought a new stake in Frontier Group during the 2nd quarter valued at approximately $43,000. Finally, Legal & General Group Plc acquired a new stake in Frontier Group in the 2nd quarter valued at approximately $46,000.

Frontier Group Company Profile

Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, an ultra-low-cost passenger airline based in Denver, Colorado. The airline focuses on offering low base fares, with services such as checked baggage, seat selection and other travel options available for additional fees. Frontier Airlines began operating in 1994 and has expanded its route network over time. It serves destinations across the United States, Mexico, the Caribbean and Central America, connecting travelers through scheduled domestic and international flights.