Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.33 Average Price Target from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.67.

A number of research firms have commented on SNCY. Susquehanna lifted their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays boosted their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wolfe Research raised shares of 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th.

Sun Country Airlines Trading Down 2.2 %

Shares of SNCY opened at $15.66 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $14.75 and a 200 day moving average price of $12.55. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $16.34. The firm has a market capitalization of $829.04 million, a P/E ratio of 19.33, a P/E/G ratio of 0.71 and a beta of 1.44.

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, meeting 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 business had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Sun Country Airlines will post 0.92 EPS for the current year.

Insider Buying and Selling

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 shares were 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 in the company, valued at approximately $524,652.58. This represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the firm’s 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 sale, the chief executive officer now directly owns 82,895 shares in the company, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,504 shares of company stock valued at $1,313,710 in the last ninety days. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of SNCY. Farther Finance Advisors LLC grew its stake in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Sun Country Airlines during the 2nd quarter worth about $80,000. US Bancorp DE increased its holdings in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after acquiring an additional 8,186 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Sun Country Airlines during the 2nd quarter worth about $124,000. Finally, Paloma Partners Management Co purchased a new stake in Sun Country Airlines during the third quarter worth approximately $132,000.

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.