The Goldman Sachs Group Reaffirms Neutral Rating for Sun Country Airlines (NASDAQ:SNCY)

Sun Country Airlines (NASDAQ:SNCY - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at The Goldman Sachs Group in a report released on Friday, Marketbeat Ratings reports. They currently have a $17.00 target price on the stock. The Goldman Sachs Group's target price would suggest a potential upside of 14.17% from the stock's current price.

A number of other research firms also recently issued reports on SNCY. Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. Barclays upped their price target 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. Finally, Susquehanna lifted their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.33.

Sun Country Airlines Price Performance

NASDAQ:SNCY traded down $0.54 during trading hours on Friday, hitting $14.89. 698,814 shares of the stock traded hands, compared to its average volume of 668,434. The company has a market cap of $788.28 million, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.56. The stock has a 50 day moving average price of $12.14 and a 200 day moving average price of $11.58. 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 (NASDAQ:SNCY - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (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 firm 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 firm's revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Sun Country Airlines will post 0.98 EPS for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the transaction, the chief executive officer now owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John Gyurci sold 3,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,720 shares of company stock valued at $694,763 in the last quarter. 4.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased 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 buying an additional 1,000 shares in the last quarter. CWM LLC boosted its position in shares of 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 acquiring an additional 2,508 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Sun Country Airlines in the 2nd quarter valued at approximately $40,000. DekaBank Deutsche Girozentrale purchased a new position in Sun Country Airlines in the first quarter worth approximately $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Sun Country Airlines during the 2nd quarter worth about $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.