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

Sun Country Airlines (NASDAQ:SNCY)‘s stock had its “neutral” rating reaffirmed by investment analysts at The Goldman Sachs Group in a research note issued on Friday, Marketbeat reports. They presently have a $17.00 target price on the stock. The Goldman Sachs Group’s price target points to a potential upside of 14.17% from the stock’s current price.

Several other brokerages also recently weighed in on SNCY. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Susquehanna upped their target price on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Trading Down 3.5 %

Shares of SNCY opened at $14.89 on Friday. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56. The stock’s 50-day moving average is $12.21 and its two-hundred day moving average is $11.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a market cap of $788.28 million, a PE ratio of 18.38, a P/E/G ratio of 0.68 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Equities analysts forecast that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In related news, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the sale, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. This represents a 5.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,720 shares of company stock valued at $694,763 over the last three months. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors and hedge funds have recently bought and sold shares of SNCY. Barclays PLC boosted its stake in Sun Country Airlines by 260.8% in the third quarter. Barclays PLC now owns 117,457 shares of the company’s stock valued at $1,316,000 after acquiring an additional 84,906 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Sun Country Airlines during the 3rd quarter valued at approximately $292,000. Weiss Asset Management LP grew its stake in Sun Country Airlines by 7.0% during the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock worth $6,472,000 after buying an additional 37,689 shares during the last quarter. State Street Corp increased its position 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 worth $17,721,000 after buying an additional 51,224 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Sun Country Airlines in the third quarter valued at $2,980,000.

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.