Sun Country Airlines (NASDAQ:SNCY) Given New $18.00 Price Target at Barclays

Sun Country Airlines (NASDAQ:SNCY - Free Report) had its target price lowered by Barclays from $24.00 to $18.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

SNCY has been the topic of a number of other reports. JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price on the stock. Susquehanna cut their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Sun Country Airlines currently has an average rating of "Moderate Buy" and an average price target of $17.71.

Sun Country Airlines Trading Down 0.4 %

SNCY traded down $0.04 during midday trading on Tuesday, reaching $10.35. 640,861 shares of the company's stock traded hands, compared to its average volume of 748,555. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $18.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The firm has a fifty day moving average of $14.18 and a two-hundred day moving average of $14.18. The stock has a market capitalization of $550.19 million, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.42 and a beta of 1.55.

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

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John Gyurci sold 1,593 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $17.00, for a total transaction of $27,081.00. Following the transaction, the vice president now owns 11,618 shares in the company, valued at approximately $197,506. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,327 shares of company stock valued at $3,201,474 over the last ninety days. 4.60% of the stock is owned by insiders.

Institutional Trading of Sun Country Airlines

A number of hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new position in shares of Sun Country Airlines in the 4th quarter worth $60,000. BNP Paribas Financial Markets bought a new position in Sun Country Airlines in the fourth quarter worth about $74,000. Aquatic Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter valued at about $102,000. Quarry LP boosted its holdings in shares of Sun Country Airlines by 355.0% in 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 in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Sun Country Airlines by 102.7% in 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 in the last quarter.

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.