Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $17.71 Average Target Price from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.71.

A number of research analysts recently commented on SNCY shares. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. Barclays lowered their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna cut their price objective on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 7th.

Sun Country Airlines Trading Down 2.5 %

Shares of NASDAQ SNCY opened at $9.87 on Monday. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $18.59. The business has a fifty day simple moving average of $13.81 and a 200-day simple moving average of $14.14. The company has a market cap of $524.67 million, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.42 and a beta of 1.55. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last announced 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 the consensus estimate of $258.04 million. During the same period in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts predict that Sun Country Airlines will post 1.92 EPS for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the sale, the vice president now directly owns 11,618 shares in the company, valued at $199,016.34. This trade represents a 34.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,415 shares of company stock valued at $3,139,352. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after buying an additional 51,224 shares during the period. Proficio Capital Partners LLC bought a new stake in Sun Country Airlines in the fourth quarter valued at about $190,000. JPMorgan Chase & Co. increased its stake in Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock valued at $2,882,000 after acquiring an additional 224,774 shares during the period. Assenagon Asset Management S.A. raised its position 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 worth $6,114,000 after purchasing an additional 196,094 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Sun Country Airlines by 246.9% during the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company’s stock worth $1,745,000 after purchasing an additional 85,201 shares during the period.

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.