Sun Country Airlines’ (SNCY) “Neutral” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a report issued on Friday morning, Marketbeat.com reports. The Goldman Sachs Group currently has a $17.00 price target on the stock.

Several other brokerages also recently issued reports on SNCY. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Barclays increased their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $14.89 on Friday. The firm has a market capitalization of $788.28 million, a PE ratio of 18.38, a PEG ratio of 0.68 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. 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’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $11.57.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, sell-side analysts anticipate that Sun Country Airlines will post 0.98 EPS for the current year.

Insider Activity

In related news, CFO David M. Davis sold 2,115 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the transaction, the chief financial officer now owns 36,158 shares in the company, valued at $524,652.58. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,720 shares of company stock worth $694,763. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently made changes to their positions in SNCY. Farther Finance Advisors LLC grew its stake in 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 buying an additional 1,000 shares during the last quarter. CWM LLC boosted its holdings in shares of Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after acquiring an additional 2,508 shares in the last quarter. Innealta Capital LLC bought a new stake in Sun Country Airlines during the 2nd quarter worth approximately $40,000. DekaBank Deutsche Girozentrale acquired a new stake in Sun Country Airlines during the 1st quarter valued at $66,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Sun Country Airlines in the 2nd quarter valued at $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.