Frontier Group (NASDAQ:ULCC – Get Free Report) had its price objective reduced by analysts at Susquehanna from $5.00 to $4.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential upside of 23.84% from the company’s previous close.
A number of other equities analysts also recently commented on ULCC. JPMorgan Chase & Co. lowered their price objective on Frontier Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $7.50 to $5.00 in a research report on Friday, October 27th. Morgan Stanley lowered their price objective on Frontier Group from $18.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, October 2nd. Barclays lowered their price objective on Frontier Group from $13.00 to $6.00 in a research report on Thursday, October 5th. Finally, TD Cowen downgraded Frontier Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $12.00 to $8.00 in a report on Thursday, September 14th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.48.
View Our Latest Report on Frontier Group
Frontier Group Stock Down 4.7 %
Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. Frontier Group had a net margin of 1.83% and a return on equity of 12.55%. The company had revenue of $883.00 million for the quarter, compared to analyst estimates of $895.91 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts predict that Frontier Group will post -0.01 EPS for the current year.
Insider Buying and Selling at Frontier Group
In other Frontier Group news, CEO Barry Biffle sold 44,418 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $7.43, for a total value of $330,025.74. Following the completion of the sale, the chief executive officer now owns 756,119 shares in the company, valued at $5,617,964.17. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Frontier Group news, CFO James G. Dempsey sold 183,464 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $8.26, for a total value of $1,515,412.64. Following the completion of the sale, the chief financial officer now owns 87,507 shares in the company, valued at $722,807.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Barry Biffle sold 44,418 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $7.43, for a total value of $330,025.74. Following the completion of the sale, the chief executive officer now owns 756,119 shares of the company’s stock, valued at approximately $5,617,964.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 701,529 shares of company stock worth $5,641,196. 83.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Frontier Group
Several large investors have recently modified their holdings of ULCC. Advisor Group Holdings Inc. raised its stake in shares of Frontier Group by 1,838.1% during the first quarter. Advisor Group Holdings Inc. now owns 10,214 shares of the company’s stock worth $115,000 after purchasing an additional 9,687 shares during the last quarter. Swiss National Bank raised its stake in shares of Frontier Group by 7.7% during the first quarter. Swiss National Bank now owns 102,100 shares of the company’s stock worth $1,157,000 after purchasing an additional 7,300 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Frontier Group by 58.5% during the first quarter. MetLife Investment Management LLC now owns 23,388 shares of the company’s stock worth $265,000 after purchasing an additional 8,632 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Frontier Group by 21.0% during the first quarter. Rhumbline Advisers now owns 35,611 shares of the company’s stock worth $403,000 after purchasing an additional 6,192 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Frontier Group by 5.3% during the first quarter. BlackRock Inc. now owns 2,367,731 shares of the company’s stock worth $26,828,000 after purchasing an additional 120,090 shares during the last quarter.
Frontier Group Company Profile
Frontier Group Holdings, Inc, a low-fare airline company, provides air transportation for passengers in United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center. Frontier Group Holdings, Inc was incorporated in 2013 and is headquartered in Denver, Colorado.
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