Analysts Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Target Price at $17.71

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.71.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price on the stock. Susquehanna cut their price objective on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Barclays decreased their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th.

Sun Country Airlines Trading Up 4.5 %

NASDAQ:SNCY traded up $0.44 during midday trading on Monday, reaching $10.12. 1,217,926 shares of the stock traded hands, compared to its average volume of 753,207. The stock has a market capitalization of $537.96 million, a P/E ratio of 10.65, a PEG ratio of 0.42 and a beta of 1.55. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $18.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The company has a fifty day moving average of $13.94 and a 200 day moving average of $14.17.

Remove Ads

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $260.40 million for the quarter, compared to analysts' expectations of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. Sun Country Airlines's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. On average, research analysts predict that Sun Country Airlines will post 1.92 EPS for the current year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the transaction, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David M. Davis sold 59,380 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the sale, the chief financial officer now owns 32,260 shares in the company, valued at approximately $545,516.60. The trade was a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,415 shares of company stock valued at $3,139,352 in the last quarter. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $60,000. BNP Paribas Financial Markets bought a new stake in Sun Country Airlines in the 4th quarter worth approximately $74,000. Aquatic Capital Management LLC purchased a new stake in Sun Country Airlines during the 4th quarter valued at $102,000. Quarry LP lifted its holdings in shares of Sun Country Airlines by 355.0% during the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after buying an additional 6,159 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Sun Country Airlines by 102.7% during the 4th quarter. State of Wyoming now owns 8,411 shares of the company's stock valued at $123,000 after buying an additional 4,262 shares during the period.

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.