Sun Country Airlines (NASDAQ:SNCY) Stock Price Expected to Rise, Susquehanna Analyst Says

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its price objective increased by equities researchers at Susquehanna from $11.00 to $14.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Susquehanna's price target would suggest a potential downside of 2.91% from the company's previous close.

Separately, Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.80.

Sun Country Airlines Stock Performance

Shares of SNCY stock traded down $0.68 during trading hours on Monday, hitting $14.42. The stock had a trading volume of 2,066,775 shares, compared to its average volume of 655,558. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.56. The stock's 50 day moving average is $11.43 and its 200 day moving average is $11.50. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $17.56. The firm has a market capitalization of $763.39 million, a PE ratio of 17.80, a PEG ratio of 0.73 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million during the quarter, compared to analysts' expectations of $250.30 million. During the same quarter last year, the business posted $0.14 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Sun Country Airlines will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 7,788 shares of company stock worth $85,852. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC lifted its position in shares of Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company's stock worth $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Sun Country Airlines during the second quarter worth approximately $40,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sun Country Airlines during the first quarter worth approximately $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Sun Country Airlines during the second quarter worth approximately $80,000.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.