Frontier Group (NASDAQ:ULCC) Price Target Raised to $14.00 at Barclays

Frontier Group (NASDAQ:ULCC) had its price target boosted by Barclays from $10.00 to $14.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also commented on ULCC. Morgan Stanley dropped their price target on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Citigroup raised their target price on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. UBS Group raised their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, Susquehanna raised their price target on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.41.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $9.25 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group has a 1-year low of $2.79 and a 1-year high of $10.26. The firm has a 50-day moving average of $7.67 and a two-hundred day moving average of $5.91. The stock has a market cap of $2.08 billion, a P/E ratio of -231.19 and a beta of 2.35.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Friday, February 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. On average, research analysts expect that Frontier Group will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In other news, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the sale, the chief executive officer now directly owns 784,817 shares in the company, valued at approximately $5,399,540.96. The trade was a 16.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the transaction, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 788,000 shares of company stock worth $6,214,070. 81.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Frontier Group during the fourth quarter worth approximately $32,000. KLP Kapitalforvaltning AS bought a new position in Frontier Group in the fourth quarter valued at approximately $50,000. Victory Capital Management Inc. bought a new stake in shares of Frontier Group during the third quarter worth $54,000. Ballentine Partners LLC bought a new position in shares of Frontier Group in the 3rd quarter valued at about $55,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after buying an additional 7,380 shares during the last quarter.

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.