Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.33 Average Target Price from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.67.

A number of equities research analysts have weighed in on SNCY shares. Barclays boosted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday. Wolfe Research raised 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 report on Tuesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th.

Sun Country Airlines Price Performance

Shares of SNCY opened at $15.66 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $16.34. The stock has a market cap of $829.04 million, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The firm has a fifty day moving average price of $14.75 and a 200 day moving average price of $12.55.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results 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 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 business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, sell-side analysts anticipate that Sun Country Airlines will post 0.92 EPS for the current year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 in the company, valued at $448,512.96. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,504 shares of company stock worth $1,313,710 in the last three months. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently made changes to their positions in SNCY. State Street Corp increased its holdings in shares of 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 purchasing an additional 51,224 shares in the last quarter. FMR LLC grew its position in Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after buying an additional 114,687 shares during the period. Algert Global LLC increased its holdings in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after buying an additional 243,028 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sun Country Airlines during the 3rd quarter valued at approximately $500,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of Sun Country Airlines during the 2nd quarter valued at approximately $1,890,000.

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.