Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.33 Consensus PT from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.33.

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna upped their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th.

Sun Country Airlines Trading Down 1.4 %

SNCY stock traded down $0.20 during trading on Friday, hitting $14.33. The company had a trading volume of 381,390 shares, compared to its average volume of 407,395. The firm has a market capitalization of $758.63 million, a P/E ratio of 17.69, a PEG ratio of 0.71 and a beta of 1.46. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $16.34. The company has a 50 day simple moving average of $14.58 and a 200-day simple moving average of $12.46.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. During the same period last year, the business posted $0.14 EPS. Sun Country Airlines's quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Sun Country Airlines will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 1,738 shares of Sun Country Airlines stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the sale, the senior vice president now directly owns 30,142 shares in the company, valued at approximately $448,512.96. The trade was a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David M. Davis sold 2,115 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares in the company, valued at $524,652.58. The trade was a 5.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,670 shares of company stock worth $1,259,172. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock valued at $26,000 after acquiring an additional 1,000 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Sun Country Airlines during the second quarter worth $80,000. US Bancorp DE grew its position in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company's stock valued at $94,000 after buying an additional 8,186 shares during the period. Meeder Asset Management Inc. purchased a new position in Sun Country Airlines in the second quarter valued at $124,000. Finally, Paloma Partners Management Co acquired a new position in shares of Sun Country Airlines in the third quarter worth about $132,000.

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.