Frontier Group (NASDAQ:ULCC) had its price target decreased by Citigroup from $24.00 to $22.00 in a research report report published on Wednesday, The Fly reports. Citigroup currently has a buy rating on the stock.
A number of other brokerages have also recently weighed in on ULCC. Morgan Stanley cut their price objective on shares of Frontier Group from $25.00 to $23.00 and set an overweight rating on the stock in a research note on Tuesday, September 14th. Susquehanna Bancshares began coverage on shares of Frontier Group in a research note on Tuesday, July 13th. They set a positive rating and a $15.61 price objective on the stock. Susquehanna began coverage on shares of Frontier Group in a research note on Tuesday, July 13th. They set a positive rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Frontier Group from a hold rating to a sell rating in a research note on Wednesday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $22.42.
ULCC stock opened at $15.78 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. Frontier Group has a 1 year low of $13.71 and a 1 year high of $22.70. The company has a fifty day moving average of $15.31.
A number of institutional investors have recently modified their holdings of the business. Citigroup Inc. purchased a new position in Frontier Group in the 2nd quarter worth about $28,000. Ameritas Investment Partners Inc. purchased a new position in Frontier Group in the 2nd quarter worth about $47,000. Royal Bank of Canada purchased a new position in Frontier Group in the 2nd quarter worth about $81,000. Wolverine Trading LLC purchased a new position in Frontier Group in the 2nd quarter worth about $178,000. Finally, Metropolitan Life Insurance Co NY purchased a new position in Frontier Group in the 2nd quarter worth about $193,000. Hedge funds and other institutional investors own 17.43% of the company’s stock.
Frontier Group Company Profile
Frontier Group Holdings, Inc engages in the operation of passenger airline. It offers flights throughout the United States and selected international Mexico, and the Caribbean. The company was founded on September 2013 and is headquartered in Denver, CO.
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