Sun Country Airlines (NASDAQ:SNCY) Receives “Neutral” Rating from The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a report released on Friday, Marketbeat reports. They currently have a $17.00 price objective on the stock.

A number of other brokerages have also commented on SNCY. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. Susquehanna upped their target price 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. Finally, Barclays increased their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $14.61 on Friday. The company has a market capitalization of $773.45 million, a PE ratio of 18.04, a price-to-earnings-growth ratio of 0.68 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 one year low of $9.22 and a one year high of $17.56. The company’s fifty day moving average price is $12.27 and its 200 day moving average price is $11.57.

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

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now owns 82,895 shares in the company, valued at $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John Gyurci sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,720 shares of company stock worth $694,763. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Sun Country Airlines by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after buying an additional 75,252 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of Sun Country Airlines by 14.2% in the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock valued at $30,332,000 after purchasing an additional 336,086 shares in the last quarter. State Street Corp grew its holdings in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sun Country Airlines by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock worth $14,899,000 after purchasing an additional 112,397 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Sun Country Airlines by 40.0% during the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after purchasing an additional 257,418 shares during the last quarter.

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.