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Financial institution of America Cuts Frontier Group (NASDAQ:ULCC) Value Goal to $16.00

ByEditorialTeam

Oct 6, 2022

Frontier Group (NASDAQ:ULCCGet Ranking) had its worth goal dropped by equities researchers at Financial institution of America from $19.00 to $16.00 in a report issued on Thursday, The Fly experiences. Financial institution of America‘s goal worth signifies a possible upside of 52.09% from the corporate’s present worth.

A number of different brokerages have additionally weighed in on ULCC. Morgan Stanley reaffirmed an “obese” score and issued a $20.00 goal worth on shares of Frontier Group in a analysis report on Wednesday, August twenty fourth. Barclays reissued an “obese” score and set a $19.00 worth goal on shares of Frontier Group in a report on Wednesday, August tenth. Susquehanna Bancshares lowered their worth goal on Frontier Group from $15.00 to $13.00 and set a “constructive” score on the inventory in a report on Tuesday, July twelfth. Citigroup reissued a “purchase” score and set a $20.00 worth goal on shares of Frontier Group in a report on Monday, August twenty ninth. Lastly, Susquehanna lowered their worth goal on Frontier Group from $15.00 to $13.00 and set a “constructive” score on the inventory in a report on Tuesday, July twelfth. One analysis analyst has rated the inventory with a maintain score and eight have issued a purchase score to the corporate’s inventory. In accordance with knowledge from MarketBeat, the corporate presently has a consensus score of “Average Purchase” and a consensus worth goal of $16.67.

Frontier Group Inventory Efficiency

Shares of ULCC inventory opened at $10.52 on Thursday. The corporate has a debt-to-equity ratio of 0.58, a present ratio of 0.62 and a fast ratio of 0.58. Frontier Group has a fifty-two week low of $8.19 and a fifty-two week excessive of $17.50. The inventory’s 50-day shifting common is $12.66 and its two-hundred day shifting common is $11.19. The agency has a market cap of $2.29 billion, a P/E ratio of -16.44 and a beta of 1.67.

Frontier Group (NASDAQ:ULCCGet Ranking) final issued its earnings outcomes on Wednesday, July twenty seventh. The corporate reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Frontier Group had a damaging return on fairness of 34.00% and a damaging internet margin of 5.01%. The corporate had income of $909.00 million for the quarter, in comparison with analyst estimates of $865.76 million. Throughout the identical interval within the prior 12 months, the agency posted ($0.24) EPS. The enterprise’s income was up 65.3% in comparison with the identical quarter final 12 months. Analysts predict that Frontier Group will submit -0.19 earnings per share for the present fiscal 12 months.

Institutional Buying and selling of Frontier Group

Hedge funds have not too long ago modified their holdings of the corporate. PDT Companions LLC raised its holdings in shares of Frontier Group by 3.3% within the 2nd quarter. PDT Companions LLC now owns 32,693 shares of the corporate’s inventory price $306,000 after shopping for a further 1,059 shares within the final quarter. Connacht Asset Administration LP elevated its holdings in Frontier Group by 9.9% throughout the 1st quarter. Connacht Asset Administration LP now owns 51,052 shares of the corporate’s inventory valued at $578,000 after buying a further 4,600 shares within the final quarter. UBS Group AG elevated its holdings in Frontier Group by 13.0% throughout the 1st quarter. UBS Group AG now owns 44,970 shares of the corporate’s inventory valued at $510,000 after buying a further 5,173 shares within the final quarter. Charles Schwab Funding Administration Inc. elevated its holdings in Frontier Group by 2.4% throughout the 1st quarter. Charles Schwab Funding Administration Inc. now owns 228,975 shares of the corporate’s inventory valued at $2,595,000 after buying a further 5,452 shares within the final quarter. Lastly, Amalgamated Financial institution acquired a brand new stake in Frontier Group throughout the 1st quarter valued at $64,000.

About Frontier Group

(Get Ranking)

Frontier Group Holdings, Inc, a low-fare airline firm, gives air transportation for passengers. The corporate operates an airline that serves roughly 120 airports all through the US and worldwide locations within the Americas. It presents its providers via direct distribution channels, together with its web site, cellular app, and name heart.

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Analyst Recommendations for Frontier Group (NASDAQ:ULCC)

This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]

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