Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $24.00

Sun Country Airlines (NASDAQ:SNCY) had its target price lifted by stock analysts at Barclays from $20.00 to $24.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 56.35% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Susquehanna raised their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.60.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY traded up $0.04 during midday trading on Thursday, hitting $15.35. The stock had a trading volume of 348,707 shares, compared to its average volume of 667,166. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $12.05 and a 200-day simple moving average of $11.56. The company has a market capitalization of $812.63 million, a PE ratio of 19.00, a P/E/G ratio of 0.71 and a beta of 1.48. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) 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 net margin of 4.25% and a return on equity of 9.00%. The firm had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts expect that Sun Country Airlines will post 0.98 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP John Gyurci sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,720 shares of company stock valued at $694,763 over the last quarter. 4.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNCY. Farther Finance Advisors LLC raised its position in Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC raised its holdings in Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after acquiring an additional 2,508 shares in the last quarter. Innealta Capital LLC acquired a new position in Sun Country Airlines during the 2nd quarter worth approximately $40,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sun Country Airlines in the 1st quarter valued at approximately $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Sun Country Airlines during the 2nd quarter worth $80,000.

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.