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J.P. Morgan Sticks to Its Buy Rating for Frontier Group Holdings (ULCC)

J.P. Morgan analyst Jamie Baker maintained a Buy rating on Frontier Group Holdings (ULCCResearch Report) on September 16 and set a price target of $20.00. The company’s shares closed last Friday at $11.88.

According to TipRanks, Baker is an analyst with an average return of -6.0% and a 42.92% success rate. Baker covers the Industrial Goods sector, focusing on stocks such as Southwest Airlines, Alaska Air, and Spirit Airlines.

Frontier Group Holdings has an analyst consensus of Strong Buy, with a price target consensus of $17.50.

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Based on Frontier Group Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $909 million and a net profit of $13 million. In comparison, last year the company earned a revenue of $550 million and had a net profit of $19 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULCC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Frontier Group Holdings Inc is an ultra-low-cost carrier. It offers flights throughout the United States and to select international destinations in Mexico and the Caribbean. The company’s business model is based on its unique Low Fares Done Right strategy. Frontier Group operates a fleet of over 60 narrow-body Airbus A320 family aircraft.

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