Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Target Price at $19.29

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.29.

SNCY has been the subject of a number of research reports. Susquehanna increased their target price on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target for the company.

Sun Country Airlines Price Performance

NASDAQ SNCY opened at $12.81 on Thursday. The business has a 50 day simple moving average of $15.82 and a 200 day simple moving average of $14.15. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The stock has a market cap of $680.95 million, a price-to-earnings ratio of 13.48, a PEG ratio of 0.42 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. During the same period in the prior year, the business earned $0.12 EPS. Sun Country Airlines’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the completion of the sale, the vice president now owns 11,618 shares of the company’s stock, valued at $199,016.34. This trade represents a 34.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Grant Whitney sold 2,127 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.98, for a total value of $33,989.46. Following the sale, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at $325,464.66. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of Sun Country Airlines in the third quarter worth $387,000. Empowered Funds LLC grew its position in Sun Country Airlines by 5.4% in the third quarter. Empowered Funds LLC now owns 213,445 shares of the company’s stock valued at $2,393,000 after acquiring an additional 10,854 shares during the last quarter. Quest Partners LLC bought a new position in Sun Country Airlines in the third quarter valued at about $250,000. Charles Schwab Investment Management Inc. grew its position in Sun Country Airlines by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company’s stock valued at $3,969,000 after acquiring an additional 8,855 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Sun Country Airlines during the third quarter worth about $500,000.

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.