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Frontier Group Holdings (ULCC) Receives a Hold from Morgan Stanley

Tipranks - Sat Feb 14, 8:02AM CST

In a report released today, Ravi Shanker from Morgan Stanley maintained a Hold rating on Frontier Group Holdings, with a price target of $8.00.

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According to TipRanks, Shanker is a 3-star analyst with an average return of 0.9% and a 50.51% success rate. Shanker covers the Industrials sector, focusing on stocks such as Southwest Airlines, JetBlue Airways, and Knight Transportation.

In addition to Morgan Stanley, Frontier Group Holdings also received a Hold from Susquehanna’s Christopher Stathoulopoulos in a report issued on February 11. However, yesterday, Bank of America Securities reiterated a Sell rating on Frontier Group Holdings (NASDAQ: ULCC).

Based on Frontier Group Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $886 million and a GAAP net loss of $77 million. In comparison, last year the company earned a revenue of $935 million and had a net profit of $26 million

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