Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $19.29 Consensus Target Price from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.29.

A number of research firms have commented on SNCY. JPMorgan Chase & Co. assumed coverage on shares of 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. Susquehanna increased their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th.

Sun Country Airlines Trading Down 0.1 %

Shares of SNCY opened at $13.54 on Thursday. The stock has a 50 day simple moving average of $15.69 and a 200-day simple moving average of $14.20. 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 market cap of $719.76 million, a PE ratio of 14.25, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $18.59.

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

Insider Activity at Sun Country Airlines

In other news, CFO David M. Davis sold 2,760 shares of Sun Country Airlines stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at approximately $513,901.80. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Gyurci sold 27,482 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.09, for a total value of $469,667.38. Following the transaction, the vice president now directly owns 11,618 shares in the company, valued at $198,551.62. This trade represents a 70.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 200,541 shares of company stock valued at $3,380,795 over the last quarter. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors have recently modified their holdings of the business. State Street Corp boosted its stake in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at $190,000. FMR LLC boosted its position in shares of Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after purchasing an additional 224,774 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock valued at $6,114,000 after purchasing an additional 196,094 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.