Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.29.

Several brokerages have issued reports on SNCY. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Susquehanna lifted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Barclays lifted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $16.73 on Friday. The company’s fifty day moving average price is $16.07 and its 200 day moving average price is $13.54. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $18.59. The stock has a market capitalization of $889.37 million, a P/E ratio of 17.61, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63.

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

Insider Transactions at Sun Country Airlines

In related news, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $14.88, for a total value of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares in the company, valued at approximately $448,512.96. The trade was a 5.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Gyurci sold 27,482 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.09, for a total transaction of $469,667.38. Following the completion of the sale, the vice president now owns 11,618 shares in the company, valued at approximately $198,551.62. This trade represents a 70.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,279 shares of company stock worth $4,031,056 in the last quarter. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its holdings in Sun Country Airlines by 34.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after buying an additional 791,669 shares during the period. Pacer Advisors Inc. purchased a new stake in Sun Country Airlines in the 4th quarter valued at about $30,841,000. T. Rowe Price Investment Management Inc. raised its holdings in Sun Country Airlines by 24.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company’s stock valued at $27,887,000 after buying an additional 374,221 shares during the period. Dimensional Fund Advisors LP raised its holdings in Sun Country Airlines by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company’s stock valued at $23,906,000 after buying an additional 264,976 shares during the period. Finally, State Street Corp grew its position in Sun Country Airlines by 3.3% in the 3rd 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 in the last quarter.

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.