Sun Country Airlines (NASDAQ:SNCY) Given New $42.00 Price Target at Morgan Stanley

Sun Country Airlines (NASDAQ:SNCY) had its target price lifted by Morgan Stanley from $40.00 to $42.00 in a research report report published on Tuesday morning, Analyst Price Targets reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Sun Country Airlines from a sell rating to a hold rating in a research report on Wednesday, August 4th. Susquehanna started coverage on Sun Country Airlines in a research note on Tuesday, July 13th. They issued a positive rating and a $42.00 price target for the company. Finally, Susquehanna Bancshares started coverage on Sun Country Airlines in a research report on Tuesday, July 13th. They set a positive rating and a $34.74 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $42.53.

SNCY opened at $31.90 on Tuesday. The firm’s 50 day moving average is $32.89. Sun Country Airlines has a 52 week low of $29.09 and a 52 week high of $44.13. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 0.87.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, July 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.21. The company had revenue of $149.19 million for the quarter, compared to analyst estimates of $135.12 million. On average, equities research analysts expect that Sun Country Airlines will post 0.22 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNCY. Jane Street Group LLC acquired a new position in Sun Country Airlines in the first quarter valued at approximately $1,463,000. TimesSquare Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the first quarter worth $10,606,000. Primecap Management Co. CA acquired a new stake in shares of Sun Country Airlines during the first quarter worth $2,976,000. Northern Trust Corp acquired a new stake in shares of Sun Country Airlines during the first quarter worth $699,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Sun Country Airlines during the first quarter worth $1,539,000.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. As of May 17, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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Analyst Recommendations for Sun Country Airlines (NASDAQ:SNCY)

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