Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.29.

SNCY has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. Barclays lifted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective for the company.

Sun Country Airlines Stock Down 2.3 %

SNCY opened at $16.57 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company’s 50-day moving average is $15.14 and its 200 day moving average is $12.94. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $17.51. The firm has a market capitalization of $877.22 million, a P/E ratio of 20.46, a PEG ratio of 0.37 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company’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. Research analysts expect that Sun Country Airlines will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, CFO David M. Davis sold 2,115 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now owns 36,158 shares of the company’s stock, valued at $524,652.58. This represents a 5.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John Gyurci sold 1,593 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $17.00, for a total transaction of $27,081.00. Following the completion of the transaction, the vice president now directly owns 11,618 shares in the company, valued at $197,506. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 194,976 shares of company stock valued at $3,151,512 in the last quarter. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 valued at $188,000 after buying an additional 1,087 shares during the period. Public Sector Pension Investment Board boosted its position in Sun Country Airlines by 3.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after buying an additional 2,512 shares during the period. Creative Planning boosted its position in Sun Country Airlines by 36.0% during the 3rd 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 period. Finally, Franklin Resources Inc. boosted its position in Sun Country Airlines by 29.3% during the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after buying an additional 5,782 shares during the period.

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.