Sun Country Airlines (NASDAQ:SNCY) Rating Reiterated by Morgan Stanley

Sun Country Airlines (NASDAQ:SNCY)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $21.00 price objective on the stock. Morgan Stanley’s price target indicates a potential upside of 73.70% from the stock’s current price.

Separately, TD Cowen dropped their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.17.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $12.09 on Thursday. Sun Country Airlines has a one year low of $9.22 and a one year high of $23.80. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.59. The stock’s 50 day moving average is $11.79 and its 200 day moving average is $13.77. The firm has a market cap of $636.05 million, a P/E ratio of 9.91, a P/E/G ratio of 0.48 and a beta of 1.52.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The business had revenue of $311.50 million during the quarter, compared to analyst estimates of $316.23 million. During the same period last year, the firm posted $0.68 earnings per share. Sun Country Airlines’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts expect that Sun Country Airlines will post 1.18 EPS for the current year.

Insider Transactions at Sun Country Airlines

In other news, SVP Grant Whitney sold 5,888 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total transaction of $62,883.84. Following the transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the sale, the chief executive officer now owns 124,991 shares in the company, valued at $1,793,620.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Grant Whitney sold 5,888 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total value of $62,883.84. Following the sale, the senior vice president now owns 26,355 shares of the company’s stock, valued at approximately $281,471.40. The disclosure for this sale can be found here. Insiders have sold 10,961 shares of company stock valued at $135,828 over the last ninety days. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock worth $62,468,000 after buying an additional 150,735 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Sun Country Airlines in the 4th quarter valued at $431,000. Illinois Municipal Retirement Fund grew its stake in Sun Country Airlines by 3.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after purchasing an additional 776 shares during the period. Barclays PLC grew its stake in Sun Country Airlines by 13.7% in the 3rd quarter. Barclays PLC now owns 16,627 shares of the company’s stock valued at $247,000 after purchasing an additional 2,003 shares during the period. Finally, Ghisallo Capital Management LLC bought a new position in Sun Country Airlines in the 4th quarter valued at $7,078,000.

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.