2 weeks Ago By ABMN Staff
Raymond James upgraded shares of Frontier Group ( NASDAQ:ULCC – Free Report ) from an underperform rating to a market perform rating in a research note released on Monday, Marketbeat.com reports. Other equities research analysts have also recently issued reports about the company.
TD Cowen upped their target price on Frontier Group from $3.00 to $4.00 and gave the stock a hold rating in a report on Monday, September 16th.
Deutsche Bank Aktiengesellschaft reduced their target price on Frontier Group from $5.00 to $4.00 and set a hold rating on the stock in a research report on Friday, August 9th.
Barclays cut their price objective on Frontier Group from $7.00 to $6.00 and set an overweight rating on the stock in a report on Monday, August 12th.
JPMorgan Chase & Co. downgraded Frontier Group from a neutral rating to an underweight rating in a research note on Tuesday, July 30th. Finally, Citigroup upped their target price on Frontier Group from $3.
50 to $4.70 and gave the stock a neutral rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock.
According to MarketBeat.com, Frontier Group presently has an average rating of Hold and a consensus price target of $5.92.
Check Out Our Latest Research Report on ULCC Frontier Group Stock Up 10.5 % Frontier Group ( NASDAQ:ULCC – Get Free Report ) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.
14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02.
Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%.
The company had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion.
During the same quarter in the prior year, the firm posted $0.31 EPS. Frontier Group’s quarterly revenue was up .
6% compared to the same quarter last year. As a group, equities analysts predict that Frontier Group will post -0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On Frontier Group Several hedge funds and other institutional investors have recently made changes to their positions in ULCC. AlTi Global Inc. purchased a new position in shares of Frontier Group in the second quarter valued at approximately $21,222,000.
Boston Partners lifted its position in shares of Frontier Group by 176.6% in the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock valued at $8,518,000 after acquiring an additional 672,471 shares in the last quarter.
Marshall Wace LLP acquired a new stake in shares of Frontier Group in the second quarter valued at approximately $1,011,000. Algert Global LLC boosted its position in shares of Frontier Group by 119.0% during the 2nd quarter.
Algert Global LLC now owns 250,623 shares of the company’s stock valued at $1,236,000 after acquiring an additional 136,159 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Frontier Group in the 2nd quarter valued at approximately $659,000. About Frontier Group ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Frontier Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Group and related companies with MarketBeat.
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