Morgan Stanley Sticks to Its Hold Rating for Frontier Group Holdings (ULCC)

Morgan Stanley analyst Ravi Shanker maintained a Hold rating on Frontier Group Holdings today and set a price target of $9.00. The company’s shares closed last Friday at $4.58.

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According to TipRanks, Shanker is an analyst with an average return of -2.1% and a 45.42% success rate. Shanker covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, JB Hunt, and ArcBest.

In addition to Morgan Stanley, Frontier Group Holdings also received a Hold from Susquehanna’s Christopher Stathoulopoulos in a report issued on October 3. However, on October 1, Barclays maintained a Buy rating on Frontier Group Holdings (NASDAQ: ULCC).

ULCC market cap is currently $1.04B and has a P/E ratio of -30.90.

Based on the recent corporate insider activity of 67 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. Last month, Howard Diamond, the EVP, Legal & Corporate Affairs of ULCC sold 35,401.00 shares for a total of $194,705.50.