Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.33 Average Price Target from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $18.33.

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday. 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 report on Monday, November 4th. Finally, Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday.

Insider Activity

In related news, CEO Jude Bricker sold 37,817 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Gyurci sold 3,000 shares of the stock in a transaction dated 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 approximately $162,799.10. This trade represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors and hedge funds have recently bought and sold shares of SNCY. Quantbot Technologies LP acquired a new stake in Sun Country Airlines during the first quarter worth about $251,000. Illinois Municipal Retirement Fund grew its position in Sun Country Airlines by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock worth $345,000 after purchasing an additional 1,130 shares during the last quarter. Vanguard Group Inc. grew its position in Sun Country Airlines by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after purchasing an additional 75,252 shares during the last quarter. American International Group Inc. grew its position 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 worth $346,000 after purchasing an additional 2,347 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Sun Country Airlines in the 1st quarter worth about $299,000.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $14.89 on Friday. 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 52-week low of $9.22 and a 52-week high of $17.56. The business’s 50-day moving average price is $12.21 and its 200 day moving average price is $11.57. The firm has a market cap of $788.28 million, a P/E ratio of 18.38, a P/E/G ratio of 0.68 and a beta of 1.48.

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

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.