Sun Country Airlines (NASDAQ:SNCY) Price Target Lowered to $18.00 at Barclays

Sun Country Airlines (NASDAQ:SNCY) had its price objective decreased by analysts at Barclays from $24.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 82.09% from the company’s previous close.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target for the company. Susquehanna cut their price objective on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a report on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.71.

Sun Country Airlines Stock Down 4.3 %

Sun Country Airlines stock traded down $0.45 during mid-day trading on Tuesday, reaching $9.89. The stock had a trading volume of 753,032 shares, compared to its average volume of 738,411. Sun Country Airlines has a one year low of $9.22 and a one year high of $18.59. The company has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $14.25. The company has a market capitalization of $525.47 million, a price-to-earnings ratio of 10.41, a PEG ratio of 0.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Activity

In related news, VP John Gyurci sold 1,593 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $17.00, for a total value of $27,081.00. Following the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at approximately $197,506. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Grant Whitney sold 2,127 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.98, for a total transaction of $33,989.46. Following the sale, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,369 shares of company stock worth $3,394,302 in the last three months. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock worth $45,467,000 after acquiring an additional 791,669 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Sun Country Airlines in the 4th quarter worth about $30,841,000. T. Rowe Price Investment Management Inc. raised its position in shares of Sun Country Airlines by 24.3% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 264,976 shares during the last quarter. Finally, State Street Corp grew its position in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares in 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.