Citigroup Cuts Frontier Group (NASDAQ:ULCC) Price Target to $3.50

Frontier Group (NASDAQ:ULCC) had its price objective cut by Citigroup from $5.00 to $3.50 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also commented on ULCC. Morgan Stanley decreased their price target on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Barclays reiterated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. UBS Group decreased their target price on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Bank of America restated an “underperform” rating and issued a $4.00 target price (down from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. Finally, Susquehanna lifted their price target on Frontier Group from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $4.94.

Frontier Group Stock Up 0.3%

Shares of NASDAQ ULCC opened at $3.18 on Friday. Frontier Group has a 52-week low of $2.89 and a 52-week high of $6.66. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.41 and a current ratio of 0.46. The business has a fifty day moving average of $4.71 and a two-hundred day moving average of $4.65. The stock has a market cap of $730.16 million, a PE ratio of -5.21 and a beta of 2.54.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.13. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. The business had revenue of $997.00 million for the quarter, compared to analyst estimates of $971.35 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. 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. As a group, equities research analysts expect that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 stock was sold at an average price of $6.00, for a total transaction of $30,000.00. Following the transaction, the senior vice president owned 94,926 shares of the company’s stock, valued at approximately $569,556. This represents a 5.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Frontier Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Frontier Group during the third quarter valued at $27,000. Ameritas Investment Partners Inc. raised its holdings in Frontier Group by 130.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock worth $31,000 after purchasing an additional 4,885 shares during the last quarter. Quarry LP bought a new stake in Frontier Group during the 4th quarter worth about $34,000. Brooklyn Investment Group lifted its position in Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after purchasing an additional 9,078 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Frontier Group during the 3rd quarter valued at about $49,000.

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.