Sun Country Airlines (NASDAQ:SNCY) Earns Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a report released on Friday morning, MarketBeat reports. The Goldman Sachs Group currently has a $17.00 price objective on the stock.

A number of other brokerages have also issued reports on SNCY. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Susquehanna upped their price objective on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays raised their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Sun Country Airlines Trading Down 1.9 %

Shares of Sun Country Airlines stock opened at $14.61 on Friday. The business has a fifty day simple moving average of $12.27 and a 200-day simple moving average of $11.57. The firm has a market cap of $773.45 million, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 0.68 and a beta of 1.48. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.56. 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 (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. On average, equities analysts forecast that Sun Country Airlines will post 0.98 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction dated 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 directly owns 14,407 shares in the company, valued at approximately $162,799.10. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,720 shares of company stock worth $694,763 in the last 90 days. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently made changes to their positions in SNCY. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 1,000 shares during the last quarter. CWM LLC boosted its holdings in Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC acquired a new position in Sun Country Airlines during the second quarter worth $40,000. DekaBank Deutsche Girozentrale bought a new position in Sun Country Airlines during the first quarter valued at about $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Sun Country Airlines in the second quarter worth about $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.