Frontier Group (NASDAQ:ULCC) Price Target Raised to $4.90

Frontier Group (NASDAQ:ULCC) had its price objective raised by stock analysts at Citigroup from $3.50 to $4.90 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 19.37% from the company’s previous close.

A number of other analysts have also recently weighed in on ULCC. Bank of America reiterated an “underperform” rating and set a $4.00 price target (down from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Tuesday, February 10th. Barclays restated an “underweight” rating and set a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Susquehanna upped their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Finally, UBS Group cut their price objective on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Five investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Frontier Group has an average rating of “Reduce” and an average target price of $5.13.

Frontier Group Stock Performance

NASDAQ:ULCC traded up $0.11 during trading hours on Monday, reaching $4.11. 7,529,840 shares of the company’s stock were exchanged, compared to its average volume of 4,727,563. The firm has a market capitalization of $943.04 million, a price-to-earnings ratio of -6.71 and a beta of 2.41. The company has a 50-day moving average of $3.84 and a 200 day moving average of $4.43. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.73. Frontier Group has a 1-year low of $3.02 and a 1-year high of $6.66.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The firm had revenue of $997.00 million during the quarter, compared to analysts’ expectations of $971.35 million. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. Frontier Group’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. Research analysts anticipate that Frontier Group will post -1.39 EPS for the current year.

Insider Buying and Selling

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the transaction, the senior vice president owned 94,926 shares in the company, valued at approximately $569,556. This represents a 5.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

A number of large investors have recently bought and sold shares of the company. U S Global Investors Inc. increased its holdings in shares of Frontier Group by 63.9% in the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after purchasing an additional 2,643,448 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Frontier Group in the 2nd quarter valued at about $5,387,000. Mountaineer Partners Management LLC purchased a new position in shares of Frontier Group in the 4th quarter valued at about $4,490,000. Bank of America Corp DE increased its holdings in shares of Frontier Group by 39.2% in the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after purchasing an additional 852,798 shares in the last quarter. Finally, HRT Financial LP increased its holdings in shares of Frontier Group by 932.1% in the 4th quarter. HRT Financial LP now owns 817,425 shares of the company’s stock valued at $3,850,000 after purchasing an additional 738,228 shares in the last quarter.

About Frontier Group

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.