Sun Country Airlines (NASDAQ:SNCY) Given New $11.00 Price Target at Susquehanna

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its price objective cut by research analysts at Susquehanna from $17.00 to $11.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Susquehanna's price target suggests a potential upside of 6.28% from the stock's current price.

Separately, JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sun Country Airlines has a consensus rating of "Moderate Buy" and an average price target of $17.71.

Sun Country Airlines Trading Down 0.4 %

Sun Country Airlines stock traded down $0.04 during mid-day trading on Monday, hitting $10.35. The stock had a trading volume of 640,861 shares, compared to its average volume of 748,555. The stock has a market capitalization of $550.19 million, a PE ratio of 10.89, a P/E/G ratio of 0.42 and a beta of 1.55. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $14.18 and a two-hundred day simple moving average of $14.18.

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

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, SVP Grant Whitney sold 3,912 shares of Sun Country Airlines stock in a transaction on Monday, January 13th. The shares were sold at an average price of $15.88, for a total value of $62,122.56. Following the sale, the senior vice president now directly owns 16,455 shares in the company, valued at approximately $261,305.40. The trade was a 19.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,327 shares of company stock valued at $3,201,474. 4.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sun Country Airlines by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock valued at $328,000 after buying an additional 796 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock valued at $207,000 after acquiring an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after purchasing an additional 1,932 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after purchasing an additional 2,792 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Sun Country Airlines by 9.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after purchasing an additional 4,089 shares during the last quarter.

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.