Barclays Issues Positive Forecast for Sun Country Airlines (NASDAQ:SNCY) Stock Price

Sun Country Airlines (NASDAQ:SNCY) had its price objective upped by Barclays from $20.00 to $24.00 in a research note released on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Tuesday, October 8th. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.33.

Sun Country Airlines Stock Performance

SNCY traded down $0.38 on Thursday, reaching $15.05. The company had a trading volume of 120,590 shares, compared to its average volume of 667,103. The stock has a market cap of $796.75 million, a P/E ratio of 19.05, a P/E/G ratio of 0.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.56. The company’s fifty day moving average is $12.14 and its 200 day moving average is $11.58.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly 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 analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. As a group, analysts predict that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP John Gyurci sold 3,000 shares of the business’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 transaction, the vice president now owns 14,407 shares in the company, valued at $162,799.10. The trade was a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the transaction, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. This trade represents a 5.53 % 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 valued at $694,763. 4.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently bought and sold shares of SNCY. Quantbot Technologies LP bought a new position in Sun Country Airlines in the first quarter worth approximately $251,000. Illinois Municipal Retirement Fund increased its stake in Sun Country Airlines by 5.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock valued at $345,000 after purchasing an additional 1,130 shares in the last quarter. Vanguard Group Inc. raised its holdings in Sun Country Airlines by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after buying an additional 75,252 shares during the last quarter. American International Group Inc. grew its holdings in shares of Sun Country Airlines by 11.4% during the first quarter. American International Group Inc. now owns 22,927 shares of the company’s stock valued at $346,000 after buying an additional 2,347 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Sun Country Airlines during the first quarter worth about $299,000.

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.