Analysts Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Target Price at $18.33

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.33.

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

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares in the company, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David M. Davis sold 2,115 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the transaction, the chief financial officer now directly owns 36,158 shares of the company's stock, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,720 shares of company stock valued at $694,763. Insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake 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 valued at $26,000 after buying an additional 1,000 shares during the period. CWM LLC increased its position in Sun Country Airlines by 1,660.9% during the 2nd quarter. CWM LLC now owns 2,659 shares of the company's stock valued at $33,000 after purchasing an additional 2,508 shares during the period. Innealta Capital LLC bought a new position in Sun Country Airlines in the 2nd quarter worth $40,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sun Country Airlines in the 1st quarter worth about $66,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Sun Country Airlines during the 2nd quarter valued at about $80,000.

Sun Country Airlines Price Performance

SNCY stock traded down $0.54 during mid-day trading on Friday, reaching $14.89. 706,781 shares of the company traded hands, compared to its average volume of 669,744. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $17.56. The company has a market capitalization of $788.28 million, a P/E ratio of 19.05, a P/E/G ratio of 0.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company has a fifty day moving average price of $12.14 and a 200-day moving average price of $11.58.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Sun Country Airlines's revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Sun Country Airlines will post 0.98 earnings per share for the current year.

About Sun Country Airlines

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.