Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Price Target at $18.33

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.33.

Several brokerages recently weighed in on SNCY. Barclays increased their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday. Susquehanna increased their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday.

Insider Activity

In other Sun Country Airlines 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 sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This trade represents 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 the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. This represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,720 shares of company stock worth $694,763. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of SNCY. Barclays PLC increased its position in shares of Sun Country Airlines by 260.8% during the third quarter. Barclays PLC now owns 117,457 shares of the company’s stock worth $1,316,000 after purchasing an additional 84,906 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sun Country Airlines during the third quarter worth about $292,000. Weiss Asset Management LP increased its position in shares of Sun Country Airlines by 7.0% during the third quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock worth $6,472,000 after purchasing an additional 37,689 shares in the last quarter. State Street Corp increased its position in shares of Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the third quarter worth about $2,980,000.

Sun Country Airlines Price Performance

SNCY stock opened at $14.89 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. The business has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $11.57. The firm has a market capitalization of $788.28 million, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.48. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.14 earnings per share. Equities research analysts anticipate that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

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.