Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $16.00

Sun Country Airlines (NASDAQ:SNCY) had its price objective raised by Susquehanna from $14.00 to $16.00 in a research note published on Tuesday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, Wolfe Research upgraded shares of 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and an average price target of $18.67.

Sun Country Airlines Trading Down 2.2 %

Shares of NASDAQ SNCY opened at $15.66 on Tuesday. The firm has a 50 day moving average price of $14.78 and a two-hundred day moving average price of $12.57. The stock has a market cap of $829.04 million, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $16.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts forecast that Sun Country Airlines will post 0.92 EPS for the current year.

Insider Activity

In other news, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the sale, the senior vice president now owns 30,142 shares in the company, valued at $448,512.96. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the transaction, the vice president now owns 12,999 shares in the company, valued at approximately $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,504 shares of company stock worth $1,313,710 in the last quarter. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock worth $1,047,000 after purchasing an additional 2,512 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sun Country Airlines by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock valued at $4,118,000 after purchasing an additional 3,641 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Sun Country Airlines by 36.0% during the third quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after buying an additional 4,954 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.