Sun Country Airlines (NASDAQ:SNCY) Given New $18.00 Price Target at Barclays

Sun Country Airlines (NASDAQ:SNCY) had its price objective reduced by analysts at Barclays from $24.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 82.09% from the company’s previous close.

Several other analysts have also recently issued reports on SNCY. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Susquehanna dropped their price objective on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average target price of $17.71.

Sun Country Airlines Trading Down 4.3 %

Shares of NASDAQ SNCY traded down $0.45 during trading hours on Tuesday, reaching $9.89. The stock had a trading volume of 753,032 shares, compared to its average volume of 738,411. The business’s fifty day moving average price is $14.92 and its two-hundred day moving average price is $14.25. The firm has a market cap of $525.47 million, a price-to-earnings ratio of 10.41, a P/E/G ratio of 0.42 and a beta of 1.55. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. Analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David M. Davis sold 2,760 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at $513,901.80. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,369 shares of company stock valued at $3,394,302. 4.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Sun Country Airlines by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company’s stock valued at $3,969,000 after acquiring an additional 8,855 shares during the period. FMR LLC raised 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 valued at $8,041,000 after acquiring an additional 114,687 shares in the last quarter. State Street Corp lifted its holdings in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Sun Country Airlines in the 3rd quarter worth approximately $292,000. Finally, Barclays PLC grew its stake in shares of Sun Country Airlines by 260.8% during the 3rd quarter. Barclays PLC now owns 117,457 shares of the company’s stock worth $1,316,000 after purchasing an additional 84,906 shares during the period.

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.