Sun Country Airlines (NASDAQ:SNCY) Stock Price Expected to Rise, Susquehanna Analyst Says

Sun Country Airlines (NASDAQ:SNCY) had its price objective hoisted by analysts at Susquehanna from $14.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 2.17% from the company’s current price.

A number of other research firms have also commented on SNCY. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Barclays lifted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Sun Country Airlines Stock Down 2.2 %

Shares of NASDAQ SNCY opened at $15.66 on Tuesday. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $16.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The business has a fifty day moving average of $14.75 and a two-hundred day moving average of $12.55. The stock has a market cap of $829.04 million, a PE ratio of 19.33, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. As a group, equities research analysts expect that Sun Country Airlines will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 1,738 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $14.88, for a total value of $25,861.44. Following the transaction, the senior vice president now owns 30,142 shares of the company’s stock, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the transaction, the vice president now owns 12,999 shares in the company, valued at $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,504 shares of company stock worth $1,313,710 over the last 90 days. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings 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. US Bancorp DE boosted its stake in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Sun Country Airlines during the second quarter valued at approximately $124,000. Paloma Partners Management Co bought a new stake in Sun Country Airlines in the third quarter valued at approximately $132,000. Finally, SG Americas Securities LLC acquired a new stake in Sun Country Airlines in the third quarter worth $159,000.

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.