Sun Country Airlines’ (SNCY) “Neutral” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a research note published on Friday morning, Marketbeat.com reports. The Goldman Sachs Group currently has a $17.00 target price on the stock.

Other equities analysts have also issued reports about the company. Susquehanna boosted their target price 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. Barclays upped their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $14.89 on Friday. The business’s 50-day simple moving average is $12.21 and its 200 day simple moving average is $11.57. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The stock has a market cap of $788.28 million, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.68 and a beta of 1.48. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter last year, the firm earned $0.14 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts anticipate that Sun Country Airlines will post 0.98 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now owns 14,407 shares in the company, valued at $162,799.10. This represents a 17.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,720 shares of company stock valued at $694,763. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

A number of large investors have recently added to or reduced their stakes in SNCY. Quantbot Technologies LP acquired a new stake in Sun Country Airlines in the 1st quarter valued at about $251,000. Vanguard Group Inc. increased its holdings in shares of Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after acquiring an additional 75,252 shares during the last quarter. American International Group Inc. raised its stake in Sun Country Airlines by 11.4% in the 1st quarter. American International Group Inc. now owns 22,927 shares of the company’s stock valued at $346,000 after acquiring an additional 2,347 shares during the period. EntryPoint Capital LLC bought a new position in Sun Country Airlines during the first quarter worth $299,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Sun Country Airlines by 310.0% in the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock valued at $155,000 after purchasing an additional 7,819 shares during the last quarter.

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.