The Goldman Sachs Group Reiterates Neutral Rating for Sun Country Airlines (NASDAQ:SNCY)

Sun Country Airlines (NASDAQ:SNCY)‘s stock had its “neutral” rating restated by The Goldman Sachs Group in a report issued on Friday,Benzinga reports. They currently have a $17.00 price objective on the stock. The Goldman Sachs Group’s price target points to a potential upside of 10.17% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Barclays boosted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. Finally, Susquehanna increased 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 note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

Sun Country Airlines Stock Up 0.8 %

Sun Country Airlines stock opened at $15.43 on Friday. The stock’s 50 day moving average price is $12.14 and its 200 day moving average price is $11.58. The company has a market cap of $816.86 million, a PE ratio of 19.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $17.56.

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

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This trade represents a 17.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the sale, the chief executive officer now 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 ninety days, insiders sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. CWM LLC grew its holdings in Sun Country Airlines by 1,660.9% during the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC purchased a new stake in Sun Country Airlines during the 2nd quarter worth $40,000. DekaBank Deutsche Girozentrale purchased a new position in Sun Country Airlines in the 1st quarter valued at about $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Sun Country Airlines during the 2nd quarter worth approximately $80,000.

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.