Susquehanna Forecasts Strong Price Appreciation for Sun Country Airlines (NASDAQ:SNCY) Stock

Sun Country Airlines (NASDAQ:SNCY - Free Report) had its price objective increased by Susquehanna from $14.00 to $16.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

SNCY has been the subject of several other research reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Finally, Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned 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 target price of $18.67.

Sun Country Airlines Stock Up 6.4 %

Shares of Sun Country Airlines stock traded up $0.96 during trading on Tuesday, reaching $16.01. The stock had a trading volume of 1,006,629 shares, compared to its average volume of 636,030. The company has a market capitalization of $847.57 million, a price-to-earnings ratio of 19.77, a P/E/G ratio of 0.71 and a beta of 1.44. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $16.34. The stock has a fifty day moving average price of $14.62 and a two-hundred day moving average price of $12.50. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share 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 for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Sun Country Airlines will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines 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 transaction, the chief executive officer now directly owns 82,895 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Gyurci sold 40,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the transaction, the vice president now owns 12,999 shares in the company, valued at approximately $202,914.39. This trade represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,504 shares of company stock valued at $1,313,710. Insiders own 4.60% of the company's stock.

Hedge Funds Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in SNCY. Bank of New York Mellon Corp boosted its holdings in shares of Sun Country Airlines by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company's stock valued at $4,118,000 after buying an additional 3,641 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Sun Country Airlines by 146.4% in the second quarter. Los Angeles Capital Management LLC now owns 197,286 shares of the company's stock valued at $2,478,000 after acquiring an additional 117,221 shares in the last quarter. LSV Asset Management raised its position in shares of Sun Country Airlines by 159.9% in the second quarter. LSV Asset Management now owns 656,088 shares of the company's stock valued at $8,240,000 after buying an additional 403,630 shares during the last quarter. American Century Companies Inc. grew its position in shares of Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company's stock valued at $11,321,000 after purchasing an additional 257,418 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Sun Country Airlines in the second quarter valued at approximately $124,000.

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.