Brokerages Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) PT at $6.86

by · The Markets Daily

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) has received a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.8571.

A number of brokerages have commented on ULCC. Barclays raised their price objective on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Zacks Research upgraded Frontier Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Citigroup raised their price target on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, UBS Group boosted their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd.

Get Our Latest Analysis on Frontier Group

Frontier Group Price Performance

ULCC opened at $7.95 on Monday. The firm has a market capitalization of $1.83 billion, a P/E ratio of -4.73 and a beta of 2.59. The stock has a fifty day moving average of $6.73 and a 200-day moving average of $5.25. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. Frontier Group has a 12-month low of $3.02 and a 12-month high of $8.40.

Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.Frontier Group’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) earnings per share. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. Equities analysts forecast that Frontier Group will post -0.31 EPS for the current fiscal year.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Alexandre Clerc sold 3,068 shares of Frontier Group stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.17, for a total transaction of $25,065.56. Following the completion of the sale, the senior vice president owned 37,488 shares of the company’s stock, valued at $306,276.96. This trade represents a 7.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $7.55, for a total transaction of $75,500.00. Following the transaction, the senior vice president owned 87,175 shares in the company, valued at approximately $658,171.25. This represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,748,770 shares of company stock worth $84,545,619 in the last quarter. 48.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontier Group during the 3rd quarter worth about $27,000. Atlas Wealth LLC bought a new stake in shares of Frontier Group in the 1st quarter valued at approximately $33,000. Quarry LP bought a new stake in shares of Frontier Group in the 4th quarter valued at approximately $34,000. Brooklyn Investment Group increased its holdings in Frontier Group by 490.7% in the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after buying an additional 9,078 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Frontier Group in the first quarter worth approximately $60,000.

Frontier Group Company Profile

(Get Free Report)

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.

Read More