Susquehanna Boosts Frontier Group (NASDAQ:ULCC) Price Target to $7.00

Frontier Group (NASDAQ:ULCCFree Report) had its price target upped by Susquehanna from $5.00 to $7.00 in a research note issued to investors on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

A number of other research firms have also recently commented on ULCC. TD Cowen boosted their price objective on Frontier Group from $5.00 to $12.00 and gave the company a market perform rating in a research report on Wednesday, February 7th. Morgan Stanley reiterated an equal weight rating and set a $8.00 price objective (down from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. Citigroup increased their price objective on Frontier Group from $3.75 to $4.10 and gave the company a neutral rating in a research note on Monday, November 27th. Bank of America restated a neutral rating and set a $6.00 target price (down from $8.00) on shares of Frontier Group in a report on Tuesday, January 9th. Finally, Raymond James reduced their price objective on Frontier Group from $9.00 to $8.00 and set an outperform rating on the stock in a research report on Tuesday, December 12th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $8.10.

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Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $7.88 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $5.28 and its 200 day moving average is $5.29. Frontier Group has a twelve month low of $3.19 and a twelve month high of $11.90. The company has a market cap of $1.74 billion, a PE ratio of -131.33, a price-to-earnings-growth ratio of 0.34 and a beta of 2.36.

Insider Buying and Selling

In related news, President James G. Dempsey sold 245,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $3.99, for a total value of $977,550.00. Following the sale, the president now directly owns 583,462 shares in the company, valued at approximately $2,328,013.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, President James G. Dempsey sold 245,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $3.99, for a total value of $977,550.00. Following the completion of the sale, the president now directly owns 583,462 shares of the company’s stock, valued at $2,328,013.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Howard Diamond sold 47,250 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $3.94, for a total transaction of $186,165.00. Following the transaction, the senior vice president now owns 453,153 shares in the company, valued at approximately $1,785,422.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 590,250 shares of company stock worth $2,327,075. Corporate insiders own 83.20% of the company’s stock.

Institutional Trading of Frontier Group

Several hedge funds have recently modified their holdings of ULCC. PDT Partners LLC raised its position in shares of Frontier Group by 3.3% during the second quarter. PDT Partners LLC now owns 32,693 shares of the company’s stock worth $306,000 after acquiring an additional 1,059 shares during the last quarter. Royal Bank of Canada lifted its holdings in Frontier Group by 45.7% during the third quarter. Royal Bank of Canada now owns 3,387 shares of the company’s stock worth $32,000 after acquiring an additional 1,062 shares in the last quarter. Credit Suisse AG lifted its holdings in shares of Frontier Group by 4.5% during the 4th quarter. Credit Suisse AG now owns 29,047 shares of the company’s stock valued at $298,000 after purchasing an additional 1,264 shares in the last quarter. Rhumbline Advisers increased its stake in Frontier Group by 2.9% during the 1st quarter. Rhumbline Advisers now owns 49,698 shares of the company’s stock worth $489,000 after purchasing an additional 1,383 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Frontier Group by 27.9% during the second quarter. State of Wyoming now owns 6,655 shares of the company’s stock worth $64,000 after acquiring an additional 1,452 shares during the period.

About Frontier Group

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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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Analyst Recommendations for Frontier Group (NASDAQ:ULCC)

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