UBS Group Cuts Frontier Group (NASDAQ:ULCC) Price Target to $4.00

Frontier Group (NASDAQ:ULCC) had its price target dropped by research analysts at UBS Group from $7.00 to $4.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 10.68% from the company’s current price.

Several other research firms also recently weighed in on ULCC. Susquehanna decreased their price target on shares of Frontier Group from $9.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley upped their price target on Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut Frontier Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $8.00 in a research report on Tuesday, March 4th. Bank of America cut their price objective on Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays upped their price target on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.92.

Frontier Group Stock Performance

Shares of Frontier Group stock traded up $0.15 during trading on Monday, hitting $3.61. 3,497,747 shares of the company’s stock traded hands, compared to its average volume of 2,345,794. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $821.27 million, a P/E ratio of 10.07 and a beta of 2.52. The business has a 50-day simple moving average of $6.98 and a 200-day simple moving average of $6.65. Frontier Group has a 1 year low of $2.79 and a 1 year high of $10.26.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate 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, analysts forecast that Frontier Group will post 0.91 EPS for the current year.

Insider Transactions at Frontier Group

In related news, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the transaction, the senior vice president now owns 23,912 shares in the company, valued at approximately $158,536.56. This trade represents a 38.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Barry Biffle sold 273,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.44, for a total value of $2,304,120.00. Following the sale, the chief executive officer now owns 816,817 shares in the company, valued at approximately $6,893,935.48. This trade represents a 25.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 535,982 shares of company stock valued at $4,515,647. 81.50% of the stock is currently owned by insiders.

Institutional Trading of Frontier Group

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Frontier Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company’s stock worth $58,207,000 after acquiring an additional 26,682 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Frontier Group by 31.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company’s stock valued at $17,042,000 after buying an additional 578,151 shares during the period. Towle & Co. boosted its position in shares of Frontier Group by 6.1% during the fourth quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock valued at $16,701,000 after buying an additional 134,723 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Frontier Group by 835.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock valued at $12,101,000 after buying an additional 1,520,094 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Frontier Group by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company’s stock worth $11,564,000 after buying an additional 35,355 shares during the period.

Frontier Group Company Profile

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.