Streetbeat News

ULCC

Frontier Group Holdings, Inc.

https://www.flyfrontier.com

Industry

Airlines, Airports & Air Services

Frontier Group Holdings, Inc., a low-fare airline company, provides air transportation for passengers. The company operates an airline that serves approximately 120 airports throughout the United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center. As of December 31, 2021, the company had a fleet of 110 Airbus single-aisle aircraft comprising, 16 A320ceos, 73 A320neos, and 21 A321ceos. Frontier Group Holdings, Inc. was incorporated in 2013 and is headquartered in Denver, Colorado.

Open

6.43

Mkt cap

1.5B

Volume

1.5M

High

6.83

P/E Ratio

-225.00

52-wk high

8.33

Low

6.37

Div yield

N/A

52-wk low

2.79

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

Raymond James analyst Savanthi Syth has maintained an Outperform rating on Frontier Group Holdings (NASDAQ:ULCC) but has lowered the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:15 pm

Verint Systems Inc. (VRNT) reported strong third-quarter earnings, surpassing market estimates and saw its shares rise by 14%. Other stocks also moved higher, including Semtech Corporation (SMTC) after reporting earnings and guidance, and Alphabet Inc. (GOOGL) following the launch of Gemini AI. Notably, Cerevel Therapeutics Holdings, Inc. (CERE) surged after an acquisition announcement by AbbVie Inc. (ABBV).

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 3:17 pm

Airline stocks have entered a bull market phase, with the U.S. Global Jets ETF (JETS) surging over 20% since early November. Despite a mid-July dip due to rising oil prices and economic slowdown fears, the sector shows a 40% discount from pre-pandemic levels, indicating room for growth. Hawaiian Holdings (HA) led the rally with a 220% increase after Alaska Air Group's (ALK) takeover. Other contributors include Southwest Airlines (LUV), Delta Air Lines (DAL), American Airlines (AAL), Sun Country Airlines (SNCY), Frontier Group Holdings (ULCC), and Embraer (ERJ). The International Air Travel Association (IATA) forecasts a positive outlook for 2024, with strong demand and revenue growth, although profitability challenges persist.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 7:54 pm

Frontier Group Holdings (NASDAQ:ULCC) received 10 analyst ratings in the last quarter, with 0 bullish, 2 somewhat bullish, 8 indifferent, and none somewhat bearish or bearish. The average price target is $6.29, representing an upside from the current price of $4.00. This target has decreased by 36.21% from the previous target of $9.86. Analysts rate stocks typically once a quarter based on financial statements, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 6:00 pm

Citigroup analyst Stephen Trent has maintained a Neutral rating on Frontier Group Holdings (NASDAQ:ULCC) and increased the price target from $3.75 to $4.10.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 5:14 pm

Travel stocks are trading higher amid overall market strength, possibly due to Expedia's better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:05 pm

Susquehanna analyst Christopher Stathoulopoulos has maintained a Neutral rating on Frontier Group Holdings (NASDAQ:ULCC) and lowered the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:48 pm

Deutsche Bank analyst Michael Linenberg has downgraded Frontier Group Holdings (NASDAQ:ULCC) from Buy to Hold and lowered the price target from $7.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:03 am

Frontier Group has projected its Q4 capacity growth to be between 12% and 14% year-on-year. The company also expects its average fuel cost per gallon to be in the range of $3.20 to $3.30.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 11:19 am

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