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

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two 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 $19.29.

A number of research firms recently commented 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna increased their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays raised their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target on the stock.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $16.96 on Wednesday. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $17.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The firm has a market capitalization of $897.86 million, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The business has a 50 day simple moving average of $15.32 and a 200 day simple moving average of $13.03.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts anticipate that Sun Country Airlines will post 0.94 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jude Bricker sold 37,817 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 directly owns 36,158 shares in the company, valued at approximately $524,652.58. This represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 282,047 shares of company stock valued at $4,637,162 in the last three months. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE boosted its holdings in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after purchasing an additional 8,186 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Sun Country Airlines in the 3rd quarter valued at approximately $132,000. Stoneridge Investment Partners LLC acquired a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $154,000. Finally, SG Americas Securities LLC acquired a new position in Sun Country Airlines during the third quarter worth $159,000.

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.