Sun Country Airlines (NASDAQ:SNCY) PT Raised to $20.00 at TD Cowen

Sun Country Airlines (NASDAQ:SNCY) had its target price increased by TD Cowen from $17.00 to $20.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 63.53% from the company’s current price.

Separately, Morgan Stanley restated an “overweight” rating and set a $21.00 price objective on shares of Sun Country Airlines in a research report on Thursday, June 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sun Country Airlines currently has an average rating of “Moderate Buy” and an average price target of $19.67.

Sun Country Airlines Trading Up 0.8 %

NASDAQ:SNCY opened at $12.23 on Tuesday. The company’s 50 day moving average price is $11.65 and its 200-day moving average price is $13.65. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $23.80. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The stock has a market cap of $643.42 million, a price-to-earnings ratio of 10.02, a PEG ratio of 0.57 and a beta of 1.52.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $316.23 million. Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, equities research analysts forecast that Sun Country Airlines will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total value of $62,883.84. Following the sale, the senior vice president now directly owns 26,355 shares in the company, valued at approximately $281,471.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total value of $62,883.84. Following the sale, the senior vice president now directly owns 26,355 shares in the company, valued at approximately $281,471.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jude Bricker sold 2,145 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the transaction, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at $1,793,620.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,961 shares of company stock worth $135,828. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently added to or reduced their stakes in SNCY. Los Angeles Capital Management LLC bought a new stake in shares of Sun Country Airlines in the 1st quarter valued at about $1,208,000. Vanguard Group Inc. boosted its holdings in shares of Sun Country Airlines by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after acquiring an additional 150,735 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at $431,000. Illinois Municipal Retirement Fund boosted its holdings in shares of Sun Country Airlines by 3.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after acquiring an additional 776 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Sun Country Airlines by 13.7% during the third quarter. Barclays PLC now owns 16,627 shares of the company’s stock worth $247,000 after buying an additional 2,003 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.