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

Sun Country Airlines (NASDAQ:SNCY) had its target price boosted by research analysts at Susquehanna from $11.00 to $14.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential downside of 4.04% from the stock’s previous close.

Separately, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average target price of $17.80.

Sun Country Airlines Trading Up 1.2 %

Shares of Sun Country Airlines stock opened at $14.59 on Monday. The firm has a market cap of $772.39 million, a price-to-earnings ratio of 18.01, a PEG ratio of 0.75 and a beta of 1.48. The business has a 50-day moving average price of $11.43 and a 200-day moving average price of $11.50. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Sun Country Airlines’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Sun Country Airlines will post 0.9 EPS for the current fiscal year.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 7,788 shares of company stock worth $85,852. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings 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 valued at $26,000 after buying an additional 1,000 shares in the last quarter. CWM LLC increased its stake in shares of Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC acquired a new position in Sun Country Airlines in the 2nd quarter worth about $40,000. DekaBank Deutsche Girozentrale purchased a new position in Sun Country Airlines during the first quarter worth approximately $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Sun Country Airlines in the second quarter valued at approximately $80,000.

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.